American Well Swaps PwC for BDO as Independent Auditor
AMWL has more than doubled off its 52-week low of $3.71 on elevated volume (2.5× avg).
Summary
American Well replaced its independent auditor, dismissing PwC and hiring BDO USA. No disputes were reported, but the change adds a layer of governance uncertainty as the company works through a strategic turnaround.
Key Events · Corporate Governance and Compliance · AMWL
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Auditor Dismissed
On July 14, 2026, the Audit Committee dismissed PricewaterhouseCoopers LLP as the company's independent registered public accounting firm.
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New Auditor Appointed
BDO USA, P.C. was appointed the same day as the new independent auditor.
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No Disagreements or Reportable Events
The company stated there were no disagreements with PwC on accounting principles or practices, and no reportable events during the two most recent fiscal years and subsequent interim period.
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Governance Context
The auditor change follows the May 2026 resignation of co-founder and Executive Vice Chairman Dr. Roy Schoenberg, adding to recent board-level turnover.
Analysis · AMWL · Trade & Services
Effective July 14, 2026, American Well dismissed PricewaterhouseCoopers as its auditor and appointed BDO USA. While the filing confirms no disagreements or reportable events with PwC—tempering immediate alarm—auditor changes still invite governance scrutiny, particularly for a company that recently saw a co-founder resign from the board and continues to burn cash. With the stock trading near its 52-week high, any uncertainty around financial oversight could rattle investor confidence.
At the time of this filing, AMWL was trading at $13.35 on NYSE in the Trade & Services sector, with a market capitalization of approximately $210.2M. The 52-week trading range was $3.71 to $13.45. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.