Business Context and Reporting Period
This Form 8-K is a current report filed by Global Medical REIT Inc. (not Chiron Real Estate Inc.) on April 12, 2019, regarding events occurring on April 8, 2019. The filing addresses a change in the company's independent registered public accounting firm.
Key Financial Metrics
This filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on corporate governance regarding the audit firm.
Material Changes
- Dismissal of Auditor: The Audit Committee approved the dismissal of MaloneBailey LLP as the independent registered public accounting firm, effective upon the completion of their review of the first quarter 2019 financial statements and the subsequent filing of Form 10-Q.
- Appointment of New Auditor: The Audit Committee appointed Deloitte & Touche LLP as the new independent registered public accounting firm, effective for the second quarter ending June 30, 2019.
- Audit History: The audit reports issued by MaloneBailey for the years ended December 31, 2018, and 2017 were unqualified and contained no adverse opinions, disclaimers, or modifications regarding uncertainty, scope, or accounting principles.
- Disagreements: There were no disagreements with MaloneBailey on accounting principles, practices, or auditing scope during the relevant periods. Similarly, no consultations regarding accounting principles or reportable events occurred with Deloitte prior to their appointment.
Guidance, Outlook, and Risks
The filing contains no financial guidance, outlook, or management commentary on business operations. The primary risk disclosed is the transition of the external audit function, though the company states there were no underlying disagreements or reportable events necessitating the change.
Investor Verification Checklist
- Verify the effective date of the transition from MaloneBailey LLP to Deloitte & Touche LLP (Q2 2019).
- Review the letter from MaloneBailey LLP (Exhibit 16.1) to confirm their agreement with the company's disclosures regarding the dismissal.
- Monitor the upcoming Form 10-Q for the period ended March 31, 2019, to ensure the financial statements are filed as expected under the outgoing auditor's review.
- Confirm the company's name is Global Medical REIT Inc., as the input metadata referenced "Chiron Real Estate Inc." which does not match the registrant in the text.