SEC Filing Summary: Advanced Emissions Solutions, Inc. (8-K)
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Advanced Emissions Solutions, Inc. on November 20, 2017, reporting events occurring on November 16, 2017. The filing addresses a change in the company's independent registered public accounting firm.
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
- Accountant Resignation: Hein & Associates LLP ("Hein") resigned as the independent registered public accounting firm effective November 16, 2017.
- Reason for Change: Hein combined with Moss Adams, LLP. The combined entity operates under the name Moss Adams, LLP.
- New Engagement: The Audit Committee approved the engagement of Moss Adams, LLP as the new independent registered public accounting firm concurrent with Hein's resignation.
- Continuity: The engagement team is expected to remain the same as Hein's former partners and employees are now part of Moss Adams.
Outlook, Risks, and Contingencies
Audit History: Hein's audit reports for the years ended December 31, 2016, and 2015 did not contain adverse opinions, disclaimers, or qualifications regarding uncertainty, scope, or accounting principles.
Disagreements: There were no disagreements between the Company and Hein during the two most recent fiscal years or the subsequent interim period regarding accounting principles, financial statement disclosure, or auditing scope.
Consultations: The Company did not consult with Moss Adams on accounting principles or audit opinions prior to their engagement.
Reportable Events: No reportable events occurred during the relevant periods, except as previously described in the 2015 Annual Report on Form 10-K.
Key Facts for Investor Verification
- Verify the transition of audit responsibilities from Hein & Associates LLP to Moss Adams, LLP.
- Confirm that the resignation was due to a firm merger and not due to disagreements or reportable events.
- Note that the specific audit team members are expected to remain unchanged.
- Review Exhibit 16.1 (Letter from Hein & Associates LLP) for the former accountant's concurrence with the filing's statements.