Business Context and Reporting Period
This Form 8-K filing by SandRidge Energy, Inc. (SD) was submitted on May 7, 2019. The report discloses a change in the company's independent registered public accounting firm for the fiscal year ending December 31, 2019.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on corporate governance regarding the audit firm.
Material Changes
- Dismissal of Previous Auditor: On May 7, 2019, the Audit Committee dismissed PricewaterhouseCoopers LLP (PwC) as the independent registered public accounting firm.
- Engagement of New Auditor: On May 7, 2019, the Audit Committee appointed Deloitte as the new independent registered public accounting firm for the fiscal year ending December 31, 2019.
- Audit History: PwC's reports for fiscal years 2017 and 2018 contained no adverse opinions, disclaimers, or qualifications. There were no disagreements between the Company and PwC regarding accounting principles, practices, or audit scope during the relevant periods.
Guidance, Outlook, and Risks
The filing does not contain financial guidance, management outlook, or specific risk factors related to operations. The primary disclosure is the procedural change in audit oversight. The company confirmed that no "reportable events" occurred as defined in Regulation S-K during the tenure of the previous auditor.
Investor Verification Checklist
- Verify the effective date of the transition from PwC to Deloitte (May 7, 2019).
- Review the attached letter from PwC (Exhibit 16.1) to confirm their agreement with the statements made in this filing.
- Confirm that no undisclosed disagreements or reportable events existed during the 2017 and 2018 audit periods.
- Monitor future filings for the first financial statements audited by Deloitte.