MSCI Inc. Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by MSCI Inc. on March 11, 2014. The filing addresses a change in the Company's independent registered public accounting firm for the fiscal year ending December 31, 2014.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on corporate governance regarding the audit firm selection.
Material Changes
- Accountant Change: The Audit Committee approved the engagement of PricewaterhouseCoopers LLP (PwC) as the independent registered public accounting firm for fiscal year 2014.
- Dismissal of Prior Firm: Deloitte & Touche LLP, the former independent registered public accounting firm, was dismissed in connection with the selection of PwC.
- Audit History: Deloitte's reports for fiscal years 2012 and 2013 contained no adverse opinions, disclaimers, or qualifications. There were no disagreements with Deloitte regarding accounting principles, practices, or auditing scope during these periods.
Outlook, Risks, and Management Commentary
- Shareholder Ratification: The selection of PwC is subject to ratification by shareholders at the annual meeting scheduled for April 30, 2014.
- Consultations: The Company confirmed no consultations with PwC regarding accounting principles or reportable events prior to their engagement.
- Deloitte Response: Deloitte provided a letter (Exhibit 16.1) indicating no disagreement with the disclosures in this report.
Investor Verification Checklist
- Verify the outcome of the shareholder vote on the ratification of PwC at the April 30, 2014 annual meeting.
- Review the letter from Deloitte & Touche LLP (Exhibit 16.1) to confirm no undisclosed disagreements exist.
- Monitor future filings for the first audit report issued by PwC for the fiscal year ending December 31, 2014.