Business Context and Reporting Period
This Form 8-K is a current report filed by ClearBridge Energy MLP Opportunity Fund Inc. on August 10, 2017. The filing addresses a change in the registrant's certifying accountant, specifically the resignation of the prior firm and the engagement of a new independent registered public accounting firm.
Key Financial Metrics
The filing text does not provide specific financial metrics such as revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on corporate governance regarding the audit firm.
Material Changes
- Resignation of KPMG LLP: KPMG LLP resigned as the independent registered public accounting firm on August 14, 2017, at the request of the Fund.
- Engagement of PwC: The Board of Directors approved the engagement of PricewaterhouseCoopers LLP (PwC) as the new independent registered public accounting firm for the fiscal year ending November 30, 2017, effective August 14, 2017.
- Audit History: KPMG's reports for the fiscal years ended November 30, 2016, and November 30, 2015, did not contain adverse opinions, disclaimers, or qualifications.
Management Commentary and Risks
The Fund explicitly states that the selection of PwC does not reflect any disagreements with or dissatisfaction regarding the performance of KPMG. There were no disagreements between the Fund and KPMG on accounting principles, practices, or auditing scope during the two most recent fiscal years or the subsequent interim period. Furthermore, no "reportable events" occurred during this timeframe. The Fund confirmed that no consultations were held with PwC regarding accounting principles or audit opinions prior to their engagement.
Investor Verification Checklist
- Verify the effective date of the new auditor (PwC) is August 14, 2017.
- Confirm that KPMG's resignation letter (Exhibit 16.1) contains no additional disclosures contradicting the Fund's statements.
- Review the Fund's upcoming financial statements for the fiscal year ending November 30, 2017, to ensure a smooth transition of audit responsibilities.
- Note that this filing contains no financial performance data; refer to the most recent 10-K or 10-Q for financial metrics.