Business Context and Reporting Period
This Form 8-K is a current report filed on January 9, 2009, by the TD Bank 401(k) Retirement Plan (the "Plan"), a benefit plan associated with The Toronto-Dominion Bank. The filing addresses a change in the Plan's independent registered public accounting firm.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is administrative in nature and does not contain financial performance data for the Plan or the Bank.
Material Changes
- Accountant Merger: On January 9, 2009, the Plan was notified that Mahoney Cohen & Company, CPA, P.C. ("Mahoney Cohen"), its independent auditor, merged into Mayer Hoffman McCann P.C. effective December 31, 2008.
- Successor Firm: The New York practice of Mayer Hoffman McCann P.C. now operates as MHM Mahoney Cohen CPAs, which succeeds Mahoney Cohen as the Plan's independent registered public accounting firm.
- Historical Engagement: Mahoney Cohen was initially engaged to report on the Plan's financial statements for the year ended December 31, 2005.
Management Commentary, Risks, and Contingencies
- No Disagreements: During the years ended December 31, 2006 and 2007, and through January 9, 2009, there were no disagreements with Mahoney Cohen regarding accounting principles, financial statement disclosure, or auditing scope.
- No Reportable Events: None of the "reportable events" described under Item 304(a)(1)(v) of Regulation S-K occurred during the specified periods.
- Audit Opinions: Reports issued by Mahoney Cohen for the years ended December 31, 2006 and 2007 did not contain adverse opinions, disclaimers, or qualifications regarding uncertainty, audit scope, or accounting principles.
Important Facts for Investors to Verify
- Confirmation that MHM Mahoney Cohen CPAs is the current independent auditor for the TD Bank 401(k) Retirement Plan.
- Verification that the merger of Mahoney Cohen into Mayer Hoffman McCann P.C. was effective as of December 31, 2008.
- Review of Exhibit 16.1 (Letter regarding change in certifying accountant) attached to the filing for formal confirmation of the disclosures.