Business Context and Reporting Period
Company: Creative Realities, Inc. (CREX)
Filing Type: Form 8-K (Current Report)
Date of Report: November 6, 2019
Reporting Period: This filing addresses a specific corporate governance event occurring on November 6, 2019, regarding the change of the independent registered public accounting firm for the fiscal year commencing 2020.
Key Financial Metrics
This Form 8-K filing does not contain financial performance data. There are no reported figures for revenue, profit, cash flow, margins, debt, or liquidity in this document.
Material Changes
The primary material change disclosed is the replacement of the Company's independent registered public accounting firm:
- Dismissed Firm: EisnerAmper LLP ("Eisner") was dismissed effective November 6, 2019.
- New Firm: Deloitte & Touche LLP ("Deloitte") was engaged to audit financial statements commencing fiscal year 2020, subject to customary client acceptance procedures.
- Audit History: The reports issued by Eisner for the fiscal years ended December 31, 2018, and December 31, 2017, did not contain adverse opinions, disclaimers, or qualifications regarding uncertainty, audit scope, or accounting principles.
- Disagreements: The Company reported no disagreements with Eisner on accounting principles, practices, disclosures, or audit scope during the two most recent fiscal years or the subsequent interim period.
Guidance, Outlook, and Risks
Management Commentary: The dismissal of Eisner and the engagement of Deloitte were approved by the Company's Audit Committee and Board of Directors. The Company provided Eisner with a copy of this report prior to filing and received a letter from Eisner (dated November 13, 2019) stating their agreement with the statements made in the filing regarding the absence of disagreements or reportable events.
Risks and Contingencies: No specific financial risks, contingencies, or unusual items are detailed in this filing beyond the standard disclosure of the auditor change.
Investor Verification Checklist
- Verify the status of Deloitte & Touche LLP's client acceptance procedures to confirm the engagement is finalized.
- Review the attached Exhibit 16.1 (Letter from EisnerAmper LLP) to confirm the auditor's concurrence with the Company's statements regarding the lack of disagreements.
- Monitor future filings (e.g., 10-K or 10-Q) for the first audited financial statements prepared under the new auditor to assess any potential changes in accounting treatment or disclosures.