Business Context and Reporting Period
Company: Embraer S.A.
Filing Type: Form 6-K (Report of Foreign Private Issuer)
Date: December 23, 2016
Context: This filing serves as a Notice to the Market regarding a change in the company's independent auditor.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This document is a corporate governance notice and does not contain financial performance data.
Material Changes
- Auditor Change: Embraer has hired PricewaterhouseCoopers Auditores Independentes (PWC) to replace KPMG Auditores Independentes.
- Scope: PWC will provide audit services for Embraer and its subsidiaries in Brazil and abroad.
- Effective Date: PWC's work will commence with the review of quarterly results for the first quarter of 2017.
- Approval: The change was approved by the Fiscal Council and the Board of Directors and agreed upon by KPMG.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for financial guidance, outlook, management commentary on operations, risks, contingencies, or unusual items. The change in auditor is described as a periodic and planned event.
Investor Verification Checklist
- Confirm the official transition timeline between KPMG and PWC for the 2017 audit cycle.
- Review the upcoming Q1 2017 earnings release to verify PWC's initial review findings.
- Check for any subsequent filings detailing the specific reasons for the auditor rotation beyond the stated "periodic and planned change."