Business Context and Reporting Period
This Form 8-K filing by American Homes 4 Rent (Maryland) reports a corporate governance event dated August 31, 2016. The filing addresses a change in the company's independent registered public accounting firm.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on the change of auditors and does not contain financial performance data.
Material Changes
- Dismissal of Auditor: The Audit Committee dismissed BDO USA, LLP as the independent registered public accounting firm, effective immediately on August 31, 2016.
- Engagement of New Auditor: The company engaged Ernst & Young LLP (EY) as the new independent registered public accounting firm for the fiscal year ending December 31, 2016.
- Audit History: BDO's audit reports for the years ended December 31, 2014 and 2015 contained no adverse opinions, disclaimers, or qualifications. There were no disagreements or reportable events between the company and BDO during the relevant periods.
Guidance, Outlook, and Risks
The filing does not contain management guidance, financial outlook, or specific risk factors beyond the standard disclosure regarding the auditor change. The company confirmed that no consultations regarding accounting principles or audit opinions were held with EY prior to their engagement.
Investor Verification Checklist
- Verify the effective date of the auditor transition (August 31, 2016).
- Confirm the identity of the new auditor (Ernst & Young LLP).
- Review the attached letter from BDO USA, LLP (Exhibit 16.1) to ensure they concur with the company's statements regarding the dismissal.
- Check subsequent filings for the first financial statements audited by EY.