Change in Registrants Certifying Accountant
On September 20, 2023, the Board of Directors of Mereo BioPharma Group plc (the Company), following the recommendation of the Audit and Risk
Committee of the Companys Board of Directors, dismissed BDO LLP as the Companys independent registered public accounting firm and appointed PricewaterhouseCoopers LLP (United Kingdom) as the Companys new independent registered
public accounting firm effective immediately.
The reports of BDO LLP on the Companys consolidated financial statements as of December 31, 2022
and 2021 and for the years ended December 31, 2022 and 2021 did not contain an adverse opinion or a disclaimer of opinion, and were not qualified or modified as to uncertainty, audit scope or accounting principles.
Those reports have not been withdrawn or modified.
For the
years ended December 31, 2022 and 2021 and through September 20, 2023, there were no (a) disagreements with BDO LLP on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure,
which disagreements, if not resolved to its satisfaction, would have caused BDO LLP to make reference to the subject matter thereof in connection with its reports for such years; or (b) reportable events that would be required to be described
under Item 16F(a)(1)(v) of Form 20-F in connection with the Companys annual report on Form 20-F, except that on September 7, 2023 the Company disclosed in a
Form 6-K that a material weakness in internal controls over financial reporting was identified related to the operating effectiveness of a control over determining the presentation of a significant or non-routine transaction in the Companys unaudited condensed consolidated statement of comprehensive loss in accordance with IFRS for the period ended June 30, 2023.
During the fiscal years ended December 31, 2022 and 2021 and the subsequent period through September 20, 2023, we did not consult with
PricewaterhouseCoopers LLP regarding the application of accounting principles to a specified transaction or the type of audit opinion that might be rendered by PricewaterhouseCoopers LLP on our consolidated financial statements. Further,
PricewaterhouseCoopers LLP did not provide any written or oral advice as to any such accounting, auditing or financial reporting matter or any matter being the subject of disagreement or defined as a reportable event or any other matter as defined
in Item 16F(a)(1)(v) of Form 20-F.
The Company provided BDO LLP with a copy of the disclosures it is making in
this Current Report on Form 6-K and requested from BDO LLP a letter addressed to the Securities and Exchange Commission indicating whether it agrees with such disclosures. A copy of BDO LLPs letter dated
September 20, 2023 is attached hereto as Exhibit 16.1.