Business Context and Reporting Period
This Form 8-K Current Report was filed by Gran Tierra Energy Inc. on March 13, 2018, reporting events that occurred on March 12, 2018. The filing addresses a change in the Company's independent registered public accounting firm.
Key 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 Auditor: The Audit Committee approved the dismissal of Deloitte LLP as the Company's independent registered public accounting firm, effective immediately on March 12, 2018.
- Engagement of New Auditor: The Audit Committee approved the engagement of KPMG LLP as the new independent registered public accounting firm, effective March 12, 2018.
- Audit History: Deloitte's reports for the fiscal years ended December 31, 2017, and 2016, did not contain adverse opinions, disclaimers, or qualifications. There were no disagreements or reportable events between the Company and Deloitte during the two most recent fiscal years or the subsequent interim period.
- Consultation with New Auditor: The Company had not consulted with KPMG regarding accounting principles, audit opinions, or reportable events during the two most recent fiscal years or the subsequent interim period prior to engagement.
Guidance, Outlook, and Risks
Management Commentary: The Company has requested and received a letter from Deloitte confirming their agreement with the disclosures in this report (filed as Exhibit 16.1).
Shareholder Action: Stockholders will be asked to ratify the selection of KPMG as the principal accountant for the fiscal year ending December 31, 2018, at the 2018 Annual Meeting of Stockholders scheduled for May 2, 2018.
Risks and Contingencies: The filing explicitly states there were no disagreements or reportable events associated with the departure of the former auditor.
Investor Verification Checklist
- Verify the content of Deloitte's letter (Exhibit 16.1) to confirm no undisclosed disagreements exist.
- Monitor the outcome of the shareholder vote on the ratification of KPMG at the May 2, 2018, Annual Meeting.
- Review future filings to ensure the transition to KPMG proceeds without audit scope limitations or delays in financial reporting.