Business Context and Reporting Period
Company: Bridgford Foods Corporation
Filing Type: Form 8-K (Current Report)
Date of Report: January 22, 2009
Reporting Period: The filing addresses events occurring on January 22, 2009, and references the fiscal years ended October 31, 2008, and November 2, 2007.
Key Financial Metrics
This filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity. The document is a disclosure regarding a change in the company's independent registered public accounting firm.
Material Changes
The primary material change reported is the replacement of the company's independent auditor:
- Dismissed Firm: Haskell & White LLP was dismissed on January 22, 2009. They completed the audit for the fiscal year ended October 31, 2008, on January 28, 2009.
- Appointed Firm: Squar, Milner, Peterson, Miranda & Williamson, LLP was appointed as the new independent registered public accounting firm effective January 22, 2009, for the fiscal year beginning November 1, 2008.
Management Commentary, Risks, and Contingencies
Audit Opinions and Disagreements:
The reports issued by Haskell & White LLP for the years ended October 31, 2008, and November 2, 2007, did not contain an adverse opinion, disclaimer of opinion, or qualification regarding uncertainty, audit scope, or accounting principles. There were no disagreements with the former firm on accounting principles, financial statement disclosure, or auditing scope/procedures during the relevant periods.
Reportable Events:
The company states there were no "reportable events" (as defined in Item 304(a)(1)(v) of Regulation S-K) during the two most recent fiscal years or the interim period through January 28, 2009.
Consultations with New Firm:
Neither the company nor anyone on its behalf consulted the new firm, Squar, Milner, Peterson, Miranda & Williamson, LLP, regarding matters set forth in Item 304(a)(2)(i) and (ii) of Regulation S-K during the two most recent fiscal years or the interim period.
Investor Verification Checklist
- Verify the content of the letter from Haskell & White LLP (Exhibit 16.1) to confirm their agreement with the company's statements regarding the dismissal.
- Confirm the effective date of the new auditor's engagement for the fiscal year ending October 30, 2009.
- Review subsequent filings to ensure the new auditor issues an unqualified opinion on the 2009 fiscal year financial statements.