SEC Filing Summary: CARE INVESTMENT TRUST INC.
Business Context and Reporting Period
This Form 8-K Current Report was filed by CARE INVESTMENT TRUST INC. on April 18, 2011, regarding an event that occurred on April 12, 2011. The filing discloses a change in the company's independent registered public accounting firm.
Financial Metrics
The filing text does not provide specific financial metrics such as revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on the administrative change of the external auditor.
Material Changes
- Dismissal of Auditor: On April 12, 2011, the Audit Committee dismissed Deloitte & Touche LLP as the independent registered public accounting firm.
- Appointment of New Auditor: On April 18, 2011, the Audit Committee appointed KPMG LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2011.
- Audit History: Reports issued by Deloitte for periods ending December 31, 2010, and 2009 contained no adverse opinions, disclaimers, or qualifications regarding uncertainty, audit scope, or accounting principles.
- Disagreements: The company reported no disagreements with Deloitte on accounting principles, financial statement disclosures, or auditing scope/procedures through April 15, 2011.
Guidance, Outlook, and Risks
The filing contains no management guidance, financial outlook, or discussion of business risks. It confirms that no reportable events occurred during the relevant periods and that the company did not consult with KPMG regarding matters requiring disclosure under Regulation S-K prior to their appointment.
Key Facts for Investor Verification
- Verify the effective date of the transition from Deloitte & Touche LLP to KPMG LLP.
- Confirm that Deloitte has submitted a letter to the SEC agreeing with the company's disclosures regarding the dismissal.
- Review the upcoming 10-K or 10-Q filings to assess the impact of the auditor change on future financial reporting.
- Check for any subsequent filings that might reveal the underlying reasons for the auditor change, as none were explicitly stated in this report.