SEC Filing Summary: Consolidated-Tomoka Land Co. (8-K)
Business Context and Reporting Period
This Form 8-K Current Report was filed by Consolidated-Tomoka Land Co. on March 2, 2012. The filing addresses a corporate governance change regarding the company's independent registered public accountant for the 2012 fiscal year.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is limited to a change in auditor and does not contain financial performance data.
Material Changes
On March 2, 2012, with the approval of the Audit Committee, the Company formally engaged Grant Thornton LLP to serve as its independent registered public accountant for the 2012 fiscal year, replacing KPMG LLP.
Guidance, Outlook, and Risks
The filing states that for the fiscal years ended December 31, 2010 and 2011, and through the date of this report, the Company has not consulted with Grant Thornton LLP regarding:
- The application of accounting principles to specified transactions or the type of audit opinion that might be rendered.
- Any matter that was the subject of a "disagreement" or a "reportable event" as defined in Item 304 of Regulation S-K.
Investor Verification Checklist
- Confirm the effective date of the transition from KPMG LLP to Grant Thornton LLP.
- Review the Audit Committee's rationale for the change in certifying accountant.
- Verify that no undisclosed disagreements or reportable events existed between the Company and the former auditor (KPMG LLP).
- Check subsequent filings for the 2012 audit opinion issued by Grant Thornton LLP.