Business Context and Reporting Period
This Form 8-K is a current report filed by KFORCE.COM, INC. (Kforce) on August 3, 2000. The filing addresses a material corporate governance event: the change of the company's independent certifying accountants.
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 auditors.
Material Changes
- Dismissal of Previous Accountant: On August 3, 2000, Kforce dismissed PricewaterhouseCoopers LLP (PWC), which had served as the independent accountant for the fiscal years ended December 31, 1999, and 1998.
- Appointment of New Accountant: On August 3, 2000, the company engaged Deloitte & Touche, LLP as its new independent accountants.
- Approval Process: Both the dismissal and engagement were approved by the Audit Committee and Board of Directors on July 21, 2000.
Management Commentary, Risks, and Unusual Items
- Audit Opinions: PWC's reports for the fiscal years 1998 and 1999 contained no adverse opinions, disclaimers, or qualifications regarding uncertainty, audit scope, or accounting principles.
- Disagreements: The company reported no disagreements with PWC on accounting principles, financial statement disclosures, or auditing scope/procedures during the relevant periods.
- Reportable Events: No "reportable events" as defined by Regulation S-K occurred during the fiscal years 1998 and 1999 through August 3, 2000.
- New Auditor Consultations: The company confirmed it had not consulted with Deloitte regarding accounting principles or potential audit opinions prior to their engagement.
Key Facts for Investor Verification
- Verify the content of the letter from PricewaterhouseCoopers LLP (filed as Exhibit 16.1) to confirm their agreement with the company's statements regarding the dismissal.
- Monitor future filings to ensure the transition to Deloitte & Touche, LLP proceeds without qualification or delay.
- Note that the change in auditors was approved by the Board on July 21, 2000, but publicly reported on August 3, 2000.