Business Context and Reporting Period
This Form 8-K is filed by Command Center, Inc. (not Hirequest, Inc.) on October 5, 2010, reporting events occurring on September 28, 2010, and October 5, 2010. The registrant is incorporated in Washington and maintains its principal executive offices in Post Falls, Idaho.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity for the current period. However, it references historical audit reports for fiscal years ending December 26, 2008, and December 25, 2009.
- Audit Opinion: No adverse opinions or disclaimers were issued for the 2008 and 2009 fiscal years.
- Going Concern: The 2009 audit report included an explanatory paragraph noting substantial doubt regarding the Company's ability to continue as a going concern.
Material Changes
The primary material change reported is the termination of the auditor-client relationship with DeCoria, Maichel, and Teague, P.S. (DM-T).
- Termination Date: September 28, 2010.
- Disagreements: The Company reported no disagreements with DM-T regarding accounting principles, practices, financial statement disclosures, or auditing scope/procedures during the two most recent fiscal years or the interim period through October 4, 2010.
- Consultations: No consultations occurred with DM-T regarding accounting applications or potential audit opinions during the same period.
Outlook, Risks, and Management Commentary
New Auditor Status: As of October 5, 2010, the Board of Directors/Audit Committee had not yet taken final action to engage a new certifying accountant to replace DM-T.
Risks and Contingencies: The filing highlights the historical "substantial doubt" regarding the Company's ability to continue as a going concern as noted in the 2009 audit report. The sudden termination of the auditor without a confirmed replacement poses a risk to the timeliness of future financial reporting.
Investor Verification Checklist
- Verify the identity of the new independent registered public accounting firm once appointed.
- Confirm the reasons for the termination of the relationship with DeCoria, Maichel, and Teague, P.S., beyond the standard notification.
- Review the most recent financial statements to assess the current status of the "going concern" uncertainty noted in the 2009 audit.
- Check for any subsequent filings (e.g., 10-K or 10-Q) that may contain updated financial metrics not present in this 8-K.