Business Context and Reporting Period
Company: Gold Resource Corporation
Filing Type: Form 8-K (Current Report)
Date of Report: March 18, 2013
Reporting Period: The filing addresses events occurring on March 18, 2013, and references the fiscal years ended December 31, 2012, and 2011.
Key Financial Metrics
This filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity. The document is a current report regarding a change in the company's certifying accountant.
Material Changes
- Change in Certifying Accountant: On March 18, 2013, the Audit Committee approved the engagement of KPMG LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2013.
- Dismissal of Prior Accountant: Simultaneously, the Committee approved the dismissal of StarkSchenkein, LLP. StarkSchenkein had completed its audit services and issued its report on the consolidated financial statements for the year ended December 31, 2012.
- Regulatory Compliance: The Company filed its Annual Report on Form 10-K on March 18, 2013.
Management Commentary, Risks, and Contingencies
Disagreements and Reportable Events: The Company states there were no disagreements with StarkSchenkein regarding accounting principles, financial statement disclosure, or auditing scope/procedures during the two most recent fiscal years and the interim period through March 18, 2013. There were no "reportable events" as defined by Regulation S-K.
Opinion Status: The reports issued by StarkSchenkein for the years ended December 31, 2012, and 2011 did not contain any adverse opinion, disclaimer of opinion, or qualifications regarding uncertainty, audit scope, or accounting principles.
Consultation with New Accountant: The Company has not consulted with KPMG regarding the application of accounting principles to specified transactions or the type of audit opinion that might be rendered. No written reports or oral advice from KPMG were considered important factors in reaching decisions on accounting or financial reporting issues.
Important Facts for Investor Verification
- Verify the transition timeline and scope of work between StarkSchenkein, LLP and KPMG LLP.
- Review the Form 10-K filed on March 18, 2013, for the audited financial statements prepared by the outgoing accountant.
- Confirm the content of the letter from StarkSchenkein, LLP (Exhibit 16.1) to ensure they agree with the Company's statements regarding the absence of disagreements.
- Monitor future filings for the initial audit opinion issued by KPMG LLP for the fiscal year ending December 31, 2013.