Business Context and Reporting Period
This Form 6-K filing by Energy Company of Minas Gerais (Cemig) covers the month of September 2017. The report serves to disclose a material announcement originally dated July 25, 2017, regarding a change in the company's external auditors.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. This document is a regulatory disclosure regarding corporate governance and audit procedures rather than a financial performance report.
Material Changes
- Auditor Change: Cemig has replaced Deloitte Touche Tohmatsu Auditores Independentes with Ernst & Young Auditores Independentes (E&Y) as its external auditor.
- Effective Date: E&Y assumed duties starting with the examination of the Quarterly Information (ITRs) for the second quarter of 2017.
- Reason for Change: The transition complies with Article 31 of CVM Instruction 308/99, which mandates a five-year rotation rule for external auditors of listed companies.
- Consent: Deloitte has provided consent regarding the reason for the change.
Guidance, Outlook, and Risks
The filing includes standard forward-looking statements indicating that actual results may differ materially from predictions due to various risks and uncertainties. These risks are detailed in the company's most recent Annual Report on Form 20-F. The company explicitly states it undertakes no obligation to revise these statements based on future events.
Investor Verification Checklist
- Verify the effective date of the audit transition for Q2 2017 financial statements.
- Confirm the five-year rotation compliance status under CVM Instruction 308/99.
- Review the most recent Form 20-F for detailed risk factors referenced in this filing.
- Check subsequent filings for the first official financial report audited by E&Y.