Business Context and Reporting Period
This Form 8-K is a current report filed by American Realty Capital New York City REIT, Inc. on February 2, 2015. The registrant is a Maryland corporation incorporated in December 2014. The report addresses a corporate governance event occurring on the filing date.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is limited to a change in accounting personnel and does not contain financial performance data.
Material Changes
- Change in Certifying Accountant: On February 2, 2015, the Company engaged KPMG LLP as its new independent registered public accounting firm for the fiscal year ended December 31, 2014.
- Approval: The appointment was approved by the Company's audit committee.
Guidance, Outlook, and Risks
The filing contains no guidance, outlook, or management commentary regarding future financial performance. Regarding risks and contingencies related to the accounting change:
- The Company confirmed that since its establishment in December 2014 through February 2, 2015, it did not consult 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 were provided by KPMG that were considered important factors in reaching decisions on accounting, auditing, or financial reporting issues.
- There were no disagreements or reportable events between the Company and KPMG during this period.
Investor Verification Checklist
- Verify the effective date of KPMG LLP's engagement as the independent auditor.
- Confirm the identity of the previous independent registered public accounting firm (not disclosed in this specific text).
- Review the Company's most recent 10-K or 10-Q filings for the fiscal year ended December 31, 2014, to obtain actual financial metrics absent from this 8-K.