Business Context and Reporting Period
This Form 8-K is a current report filed by the Aberdeen Total Dynamic Dividend Fund (the "Fund") on September 26, 2018. The Fund is incorporated in Delaware. The report specifically addresses Item 4.01 regarding changes in the registrant's certifying accountant.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This document is a procedural report concerning auditor engagement and does not contain financial performance data.
Material Changes
- Engagement of New Auditor: The Fund engaged KPMG LLP as its independent registered public accounting firm for the fiscal year ending October 31, 2018.
- Effective Date: The engagement became effective on September 26, 2018, following the delivery of a satisfactory independence letter.
- Resignation of Former Auditor: This engagement follows the resignation of the Fund's former independent registered accounting firm, which occurred on May 4, 2018, and was previously disclosed in an 8-K filed on May 9, 2018.
Guidance, Outlook, and Risks
The filing contains no guidance, outlook, or management commentary regarding future financial performance. Regarding risks and contingencies, the Fund confirmed that during the two most recent fiscal years and the subsequent interim period through September 26, 2018, there were no consultations with KPMG regarding:
- Application of accounting principles to specified transactions.
- The type of audit opinion that might be rendered.
- Any matters constituting a "disagreement" or "reportable event" under Regulation S-K.
Important Facts for Investors to Verify
- Verify the identity of the former auditor who resigned on May 4, 2018, by reviewing the Form 8-K filed on May 9, 2018 (SEC Accession Number: 0001104659-18-031613).
- Confirm that KPMG LLP has completed the standard client evaluation procedures and delivered the required independence letter to the Audit Committee.
- Note that the new auditor engagement is specifically for the fiscal year ending October 31, 2018.