Legible Appoints New Auditor

Rhea-AI Summary

Legible Inc. has appointed KPMG LLP as its new auditor, effective March 8, 2022, following the resignation of Baker Tilly LLP. This change marks a significant step for the company as it seeks to enhance its financial oversight. Legible Inc. operates an online eBook marketplace, Legible.com, aimed at providing engaging eReading experiences while promoting sustainability and accessibility.

Positive

• Appointment of KPMG LLP as auditor could enhance financial oversight.
• Legible's focus on sustainability and accessibility aligns with growing market trends.

Negative

• Resignation of the former auditor may raise concerns about continuity.

VANCOUVER, British Columbia--(BUSINESS WIRE)-- Legible Inc. (CSE: READ) (FSE: D0T) (OTC: LEBGF) ("Legible” or the “Company”), announced today that it has appointed KPMG LLP as auditor of Legible effective March 8, 2022. The resignation of Legible’s former auditor, Baker Tilly LLP, was accepted by the Company effective March 8, 2022.

About Legible Inc.

Legible is a book entertainment and media company that has developed an online eBook marketplace called Legible.com, with an eBook reading system capable of showcasing next-generation book content, and a world-class digital conversion publishing service for creating multimedia eBooks and born-accessible eBook content.

Founded and led by a team of technologists, authors, eBook publishers, designers, and publishing industry insiders, Legible is transforming the eBook industry. With a mission to provide delightful eBook experiences to readers around the globe through any browser-enabled device, Legible is committed to providing delightful eReading to readers that value immersive entertainment experiences through beautifully constructed and content dynamic books, provided by a company that promotes sustainability, accessibility, and global literacy.

Visit Legible.com and discover the place where eBooks come to life!

Readers are invited to visit Legible’s continually evolving curated Staff-Picks Bookshelf: https://legible.com/ca/list/staff-picks

View source version on businesswire.com: https://www.businesswire.com/news/home/20220322006102/en/

Kaleeg Hainsworth

Chief Executive Officer

Daniela Trnka

Vice President of Investor Relations

Legible Inc.

Phone: 1 (672) 514-2665

Email: invest@legible.com

Website: Legible.com

Investor Relations: investors.legible.com

Source: Legible Inc.

FAQ

What is the reason for Legible Inc.'s auditor change to KPMG LLP?

Legible Inc. has appointed KPMG LLP to improve its financial oversight after accepting the resignation of Baker Tilly LLP.

When did the auditor change at Legible Inc. take effect?

The change to KPMG LLP took effect on March 8, 2022.

How might the new auditor KPMG LLP impact Legible Inc.'s operations?

The engagement of KPMG LLP may strengthen financial scrutiny and compliance, potentially enhancing investor confidence.