Business Context and Reporting Period
This Form 8-K Current Report was filed by Simulations Plus, Inc. on April 18, 2025, regarding events occurring on April 15, 2025. The filing addresses a change in the Company's independent registered public accounting firm for the fiscal year ending August 31, 2025.
Key Financial Metrics
This filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity. The document is strictly procedural regarding the appointment of an auditor.
Material Changes
- Dismissal of Former Auditor: The Audit Committee dismissed Rose, Snyder & Jacobs LLC ("RSJ") as the independent registered public accounting firm effective April 15, 2025.
- Appointment of New Auditor: The Audit Committee appointed Grant Thornton LLP ("Grant Thornton") as the new independent registered public accounting firm effective immediately on April 15, 2025.
- Audit History: The audit report by RSJ for the fiscal year ended August 31, 2024, was unqualified and did not contain an adverse opinion, disclaimer, or modification regarding uncertainty or scope.
Management Commentary and Risks
The Company stated that during the fiscal years ended August 31, 2024 and 2023, and the interim period through April 15, 2025, there were no disagreements with RSJ on accounting principles, financial statement disclosures, or auditing scope. Additionally, no "reportable events" as defined in Regulation S-K occurred during this period. The Company confirmed that no consultations were held with Grant Thornton regarding accounting principles or reportable events prior to their appointment.
Investor Verification Checklist
- Verify the effective date of the auditor change (April 15, 2025).
- Confirm the identity of the new auditor (Grant Thornton LLP) and the former auditor (Rose, Snyder & Jacobs LLC).
- Review the attached letter from RSJ (Exhibit 16.1) to confirm their agreement with the Company's statements regarding the dismissal.
- Note that this filing does not provide updated financial results; refer to the most recent 10-K or 10-Q for financial metrics.