Business Context and Reporting Period
Company: Bridgford Foods Corporation
Filing Type: Form 8-K (Current Report)
Date of Report: December 13, 2004
Reporting Period: The filing addresses events occurring on December 13, 2004, specifically regarding the change of the independent registered public accounting firm for the fiscal year ending October 28, 2005.
Key Financial Metrics
This filing does not contain financial performance data. There are no reported values for revenue, profit, cash flow, margins, debt, or liquidity in this document.
Material Changes
The primary material change reported is the replacement of the Company's independent registered public accounting firm:
- Outgoing Firm: PricewaterhouseCoopers LLP was dismissed on December 13, 2004, upon the anticipated completion of the audit for the fiscal year ended October 29, 2004.
- Incoming Firm: Haskell & White LLP was appointed as the new independent registered public accounting firm effective December 13, 2004.
- Audit History: Reports by PricewaterhouseCoopers LLP for the years ended October 31, 2003, and November 1, 2002, were unqualified and contained no adverse opinions or disclaimers.
- Disagreements: The Company reported no disagreements with PricewaterhouseCoopers LLP regarding accounting principles, practices, financial statement disclosure, or auditing scope/procedures during the two most recent fiscal years and through the date of the report.
- Reportable Events: No reportable events (as defined in Item 304(a)(1)(v) of Regulation S-K) occurred during the relevant periods.
Guidance, Outlook, and Risks
Management Commentary: The decision to change accountants was approved by the Audit Committee and the Board of Directors. The Company confirmed that no consultations were held with the new firm, Haskell & White LLP, regarding matters set forth in Item 304(a)(2)(i) and (ii) of Regulation S-K during the two most recent fiscal years or the interim period.
Risks and Contingencies: The filing does not disclose specific financial risks or contingencies beyond the standard disclosure of the auditor change. A letter from PricewaterhouseCoopers LLP addressed to the SEC (Exhibit 16.1) is attached to confirm their agreement with the statements made in the filing.
Investor Verification Checklist
- Verify the content of the letter from PricewaterhouseCoopers LLP (Exhibit 16.1) to ensure they have no objections to the dismissal.
- Confirm the appointment of Haskell & White LLP in subsequent filings to ensure continuity of the audit process.
- Review the upcoming 10-K for the fiscal year ended October 29, 2004, to assess the final audit opinion issued by the outgoing firm.
- Monitor future 8-K filings for any additional disclosures regarding the transition of accounting firms or related regulatory inquiries.