Business Context and Reporting Period
Company: Emerson Radio Corp.
Filing Type: Form 8-K (Current Report)
Date of Report: May 3, 2024
Reporting Period: Fiscal year ending March 31, 2024
Key Financial Metrics
This filing does not contain financial performance data. Revenue, profit, cash flow, margins, debt, and liquidity metrics are not reported in this document.
Material Changes
The filing discloses a material change in the Company's certifying accountant:
- New Auditor: Grassi & Co., CPAs, P.C. was engaged as the independent registered public accounting firm.
- Effective Date: May 3, 2024.
- Scope: Engagement covers the fiscal year ending March 31, 2024.
Guidance, Outlook, and Risks
Consultation History: The Company confirmed that during the fiscal years ended March 31, 2024 and 2023, and the interim period through May 3, 2024, there were no consultations with Grassi regarding:
- Application of accounting principles to specified transactions.
- Type of audit opinion that might be rendered.
- Any matters constituting a "disagreement" or "reportable event" under Regulation S-K.
Outlook: No forward-looking guidance or management commentary regarding future operations is provided in this filing.
Investor Verification Checklist
- Verify the identity and credentials of the new auditor, Grassi & Co., CPAs, P.C.
- Review the Company's most recent 10-K or 10-Q to understand the financial context preceding this auditor change.
- Confirm if the departure of the previous auditor was disclosed in a prior filing and the reasons for the change.
- Monitor future filings for the audit opinion issued by Grassi for the fiscal year ended March 31, 2024.