ITEM 4.01 CHANGES IN REGISTRANT’S CERTIFYING ACCOUNTANT
As previously announced in the Original Form 8-K, the Audit Committee of the Board of Directors of the Company approved the appointment of RSM as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2020, following the Company’s filing of the Form 10-K and subject to completion of RSM's standard client acceptance procedures. PwC continued as the Company's independent registered public accounting firm for the year ended December 31, 2019. On March 16, 2020, when the Company filed its Form 10-K for the year ended December 31, 2019 with the SEC, PwC completed its audit of the Company's consolidated financial statements for such year, and the Company's engagement of PwC as its independent registered public accounting firm ended as of that date. RSM has completed its standard client acceptance procedures and RSM and the Company have executed an engagement letter relating to the Company's engagement of RSM as the Company's independent registered public accounting firm for the year ending December 31, 2020, effective as of March 16, 2020.
PwC’s reports on the Company’s consolidated financial statements for the fiscal years ended December 31, 2018 and December 31, 2019 did not contain an adverse opinion or disclaimer of opinion, and were not qualified or modified as to uncertainty, audit scope or accounting principle.
During the Company’s two (2) most recent fiscal years and the subsequent interim period through March 16, 2020, there were:
(i) no disagreements with PwC on any matters of accounting principles or practices, financial statement disclosure or auditing scope or procedure, which disagreements, if not resolved to the satisfaction of PwC, would have caused PwC to make reference to the subject matter of the disagreement in its report on the Company’s consolidated financial statements, and
(ii) no “reportable events” as that term is defined in Item 304(a)(1)(v) of Regulation S-K.
The Company has provided PwC with a copy of this Form 8-K prior to its filing with the SEC and requested PwC to furnish to the Company a letter addressed to the SEC stating whether it agrees with the statements made above. A copy of PwC’s letter dated March 19, 2020 is attached as Exhibit 16.1 to this Form 8-K/A.
During the Company’s two most recent fiscal years and the subsequent interim period through March 16, 2020 preceding RSM’s appointment, neither the Company nor anyone on its behalf consulted RSM regarding either:
(i) the application of accounting principles to a specified transaction, either completed or proposed, or the type of audit opinion that might be rendered on the Company’s consolidated financial statements, and no written report or oral advice was provided to the Company that RSM concluded was an important factor considered by the Company in reaching a decision as to the accounting, auditing or financial reporting issue; or
(ii) any matter that was the subject of a “disagreement” (as defined in Item 304(a)(1)(iv) of Regulation S-K and the related instructions) or a “reportable event” (as described in Item 304(a)(1)(v) of Regulation S-K).