Business Context and Reporting Period
This Form 8-K Current Report was filed by Maximus, Inc. on November 25, 2024, with the report date signed on December 2, 2024. The filing discloses a material corporate governance event regarding the company's independent registered public accounting firm.
Financial Metrics
This filing does not contain financial performance data. There are no disclosures regarding revenue, profit, cash flow, margins, debt, or liquidity in this document.
Material Changes
- Dismissal of Auditor: The Audit Committee approved the dismissal of Ernst & Young LLP (EY) as the company's independent registered public accounting firm, effective November 25, 2024.
- Engagement of New Auditor: The Committee approved the engagement of KPMG LLP to serve as the independent registered public accounting firm for the fiscal year ending September 30, 2025.
- Process: The change followed a competitive selection process.
Management Commentary, Risks, and Contingencies
- Audit History: EY's audit reports for the fiscal years ended September 30, 2024, and September 30, 2023, did not contain adverse opinions, disclaimers, or qualifications regarding uncertainty, scope, or accounting principles.
- Disagreements: The company reported no disagreements with EY on accounting principles, financial statement disclosures, or auditing scope/procedures during the fiscal years ended September 30, 2024 and 2023, or the subsequent period through November 26, 2024.
- Reportable Events: No "reportable events" occurred during the specified periods.
- Consultations: Neither the company nor its representatives consulted KPMG regarding matters requiring disclosure under Item 304(a)(2)(i) or (ii) of Regulation S-K prior to the engagement.
- EY Response: EY was provided a copy of this disclosure and submitted a letter (Exhibit 16.1) dated December 2, 2024, stating whether it agrees with the disclosure.
Key Facts for Investor Verification
- Verify the execution of the engagement letter between Maximus, Inc. and KPMG LLP.
- Confirm the completion of KPMG's standard client acceptance procedures.
- Review Exhibit 16.1 (EY's letter to the SEC) to ensure the former auditor has no objections to the disclosed reasons for the change.
- Monitor future filings for the first financial statements audited by KPMG for the fiscal year ending September 30, 2025.