CACI International Inc. Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by CACI International Inc. on June 27, 2022. The filing addresses a corporate governance decision regarding the appointment of the company's independent registered public accounting firm for the fiscal year ending June 30, 2023.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on the change of the external auditor and does not contain financial performance data.
Material Changes
The primary material change reported is the replacement of the company's independent registered public accounting firm:
- Outgoing Auditor: Ernst & Young LLP (EY) will serve until the filing of the Annual Report on Form 10-K for the fiscal year ended June 30, 2022.
- Incoming Auditor: PricewaterhouseCoopers LLP (PwC) was approved by the Board of Directors on June 27, 2022, to serve as the independent auditor for the fiscal year ending June 30, 2023.
- Process: The Audit Committee conducted a competitive review before recommending PwC.
Management Commentary and Risks
Management confirmed that there were no disagreements with EY regarding accounting principles, financial statement disclosures, or auditing scope during the fiscal years ended June 30, 2021 and 2020, or subsequent interim periods. Additionally, no "reportable events" occurred during these periods. The company confirmed that no consultations were held with PwC regarding matters requiring disclosure under Regulation S-K prior to this engagement. EY has provided a letter to the SEC agreeing with the company's statements regarding the change.
Key Facts for Investor Verification
- Verify the effective date of PwC's engagement letter and the completion of their client acceptance procedures.
- Review the upcoming Form 10-K for the fiscal year ended June 30, 2022, to confirm EY's final audit opinion.
- Confirm that the transition between EY and PwC does not impact the timing of the 2022 fiscal year-end reporting.