Business Context and Reporting Period
This Form 8-K Current Report was filed by Brixmor Property Group Inc. and Brixmor Operating Partnership LP on May 6, 2015. The filing addresses a change in the registrants' certifying accountants.
Financial Metrics
This filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity. The document is strictly procedural regarding the appointment of auditors.
Material Changes
- Dismissal of Accountant: Ernst & Young LLP (E&Y) was dismissed as the principal independent accountants on May 6, 2015.
- Engagement of New Accountant: Deloitte & Touche LLP (D&T) was engaged as the new independent registered public accounting firm, effective May 11, 2015.
- Audit Committee Approval: Both the dismissal and the new engagement were approved by the Audit Committee of the Board of Directors.
Outlook, Risks, and Management Commentary
Disagreements and Reportable Events: The Company stated there were no disagreements with E&Y during the two most recent fiscal years or the interim period regarding accounting principles, financial statement disclosure, or auditing scope. No reportable events under Item 304(a)(1)(v) of Regulation S-K occurred.
Prior Audit Opinions: E&Y's audit reports for the years ended December 31, 2014, and 2013, did not contain adverse opinions, disclaimers, or qualifications.
Consultations with New Accountant: The Company confirmed it did not consult with D&T regarding any matters set forth in Item 304(a)(2)(i) and (ii) of Regulation S-K during the relevant periods.
Key Facts for Investor Verification
- Verify the attached letter from E&Y (Exhibit 16.1) to confirm their agreement with the Company's statements regarding the dismissal.
- Confirm the effective date of the new engagement with Deloitte & Touche LLP (May 11, 2015).
- Note that the filing explicitly states no accounting disagreements or reportable events occurred prior to the change.