8-K Summary
Business Context and Reporting Period
Owl Rock Technology Finance Corp. (identified in the request metadata as Blue Owl Technology Finance Corp.) filed a Current Report on June 22, 2021, with the report signed on June 25, 2021. The filing concerns a change in the Company’s independent registered public accounting firm and does not report quarterly or annual operating results.
Key Financial Metrics and Liquidity
The filing does not provide current-period revenue, profit, cash flow, margins, debt, liquidity, asset values, or other operating financial metrics. It states that PwC’s audit reports on the consolidated financial statements for the years ended December 31, 2020 and 2019 contained no adverse opinion, disclaimer, qualification, or modification related to uncertainty, audit scope, or accounting principles.
Material Changes Versus the Prior Comparable Period
- On June 22, 2021, the Board, following the Audit Committee’s recommendation, dismissed PricewaterhouseCoopers LLP (PwC) as the Company’s independent registered public accounting firm.
- On the same date, the Board approved the engagement of KPMG LLP to audit the Company’s consolidated financial statements for the fiscal year ending December 31, 2021.
- The Company reported no disagreements with PwC during 2019, 2020, or the subsequent period through June 22, 2021, regarding accounting principles, financial statement disclosure, or audit scope and procedures.
- The Company also reported no “reportable events” as defined under Regulation S-K.
Guidance, Outlook, Risks, Contingencies, and Unusual Items
No earnings guidance, operating outlook, material contingencies, or specific financial risks are disclosed. The auditor transition is the filing’s principal unusual item. The Company stated that it had not consulted with KPMG through June 22, 2021 regarding accounting principles for specified transactions, potential audit opinions, disagreements, or reportable events.
Investor Verification Points
- Verify the Company’s current legal name, as the filing identifies the registrant as Owl Rock Technology Finance Corp., while the request metadata identifies Blue Owl Technology Finance Corp.
- Review Exhibit 16.1, PwC’s letter dated June 25, 2021, confirming whether PwC agrees with the Company’s disclosures.
- Confirm KPMG’s appointment as auditor for the fiscal year ending December 31, 2021.
- Review subsequent filings for any additional auditor-related disclosures or changes in audit opinion.