Business Context and Reporting Period
Company: GRAVITY Co., Ltd. (NasdaqGM: GRVY)
Reporting Period: October 11, 2013
Business Description: An online game developer and publisher based in South Korea.
Filing Type: Form 6-K (Report of Foreign Private Issuer)
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses on corporate governance regarding the appointment of an auditor rather than financial performance data.
Material Changes
Auditor Engagement: On October 11, 2013, the Company's audit committee decided to engage Deloitte Anjin LLC (the Korean member firm of Deloitte Touche Tohmatsu Limited) as the independent registered public accounting firm for the fiscal year ending December 31, 2013. The engagement covers financial statements prepared in conformity with U.S. GAAP.
Guidance, Outlook, and Risks
Consultation History: The Company confirmed that during fiscal years 2011 and 2012, and through the interim period prior to October 11, 2013, neither the Company nor its representatives consulted with Deloitte on:
- The application of accounting principles to specified transactions or the type of audit opinion that might be rendered.
- Any matters involving disagreements or reportable events as defined in Item 16F(a)(1)(iv) and (v) of Form 20-F.
Outlook: No specific financial guidance or management commentary regarding future business performance is provided in this filing.
Investor Verification Checklist
- Verify the official engagement letter between GRAVITY Co., Ltd. and Deloitte Anjin LLC.
- Confirm the scope of the audit for the fiscal year ending December 31, 2013.
- Review subsequent filings for the actual financial results audited by Deloitte.
- Check for any prior disagreements with the previous auditor not disclosed in this summary.