SEC Filing Summary: Point Capital, Inc. (8-K)
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Point Capital, Inc. on July 14, 2016, reporting an event that occurred on July 12, 2016. The filing addresses a change in the company's independent registered public accounting firm.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. This report is limited to disclosure regarding the company's auditors.
Material Changes
- Accountant Termination: On July 12, 2016, Point Capital, Inc. was informed by EisnerAmper LLP ("Eisner") that it would not stand for reappointment as the independent registered public accounting firm for the fiscal year ending December 31, 2016.
- Service Period: Eisner served as the independent auditor from March 5, 2014, until July 12, 2016.
- Audit History: Eisner's reports for the years ended December 31, 2015, and December 31, 2014, did not contain adverse opinions, disclaimers, or modifications regarding uncertainty, audit scope, or accounting principles.
- Disagreements: The company reported no disagreements with Eisner during the two most recent fiscal years or the subsequent interim period regarding accounting principles, financial statement disclosure, or auditing scope.
Guidance, Outlook, and Risks
The filing does not contain financial guidance, management outlook, or specific risk factors beyond the standard disclosure of the auditor change. The company has requested a letter from Eisner confirming the accuracy of the statements regarding the termination, which was filed as Exhibit 16.1.
Investor Verification Checklist
- Verify the identity of the new independent registered public accounting firm appointed to replace EisnerAmper LLP.
- Review Exhibit 16.1 (Letter from EisnerAmper LLP) to confirm the auditor's agreement with the company's statements regarding the termination.
- Monitor subsequent filings for the appointment of a successor auditor and any potential impact on the audit of the 2016 fiscal year.