Brief: Tuesday Morning Says Audit Committee Approved Dismissal Of Ernst & Young, As Co's Independent Registered Public Accounting Firm Effective Dec 31, 2021

Tuesday Morning

03/01/2022 21:42

Jan 3 (Reuters) - Tuesday Morning Corp  TUEM.O :
    * TUESDAY MORNING - AUDIT COMMITTEE APPROVED DISMISSAL OF
ERNST &
YOUNG, AS CO'S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
EFFECTIVE DEC 31, 2021
    * TUESDAY MORNING - EY'S REPORT FOR YEAR ENDED JUNE 30, 2020
CONTAINED PARAGRAPH STATING THERE WAS SUBSTANTIAL DOUBT ABOUT
CO'S ABILITY TO CONTINUE AS GOING CONCERN
    * TUESDAY MORNING - CO IDENTIFIED MATERIAL WEAKNESS IN
INTERNAL
CONTROLS OVER FINANCIAL REPORTING WITH RESPECT TO PERIOD-END
FINANCIAL CLOSING PROCESS
    * TUESDAY MORNING CORP - MATERIAL WEAKNESS RELATED TO AN
INEFFECTIVE ASSESSMENT OF IMPAIRMENT OF LONG-LIVED ASSETS
    * TUESDAY MORNING - MATERIAL WEAKNESS RESULTED IN MATERIAL
MISSTATEMENT IN JUNE 30, 2020 FINANCIAL STATEMENTS WHICH WAS
IDENTIFIED, CORRECTED PRIOR TO FILING
    * TUESDAY MORNING - BASED ON ACTIONS TAKEN BY CO, COMPANY
CONCLUDED THAT MATERIAL WEAKNESS HAD BEEN REMEDIATED BY JUNE 30,
2021
    * TUESDAY MORNING - BOARD APPROVED ENGAGEMENT OF GRANT
THORNTON
LLP AS INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR FISCAL
YEAR ENDING JUNE 30, 2022

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