Business Context and Reporting Period
This Form 8-K Current Report was filed by Marchex, Inc. on June 23, 2017. The filing discloses a material 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 the change of the external auditor.
Material Changes
- Dismissal of Auditor: On June 23, 2017, the Audit Committee dismissed KPMG, LLP as the independent registered public accounting firm.
- Engagement of New Auditor: On June 23, 2017, the Audit Committee engaged Moss Adams LLP as the new independent registered public accounting firm.
- Audit History: KPMG's reports for fiscal years ended December 31, 2015, and 2016, did not contain adverse opinions, disclaimers, or qualifications regarding uncertainty, audit scope, or accounting principles.
- Disagreements: The company reported no disagreements with KPMG on accounting principles, practices, or auditing scope during the two most recent fiscal years or through the date of dismissal.
Guidance, Outlook, and Risks
The filing contains no financial guidance, outlook, or management commentary regarding future business performance. No specific risks or contingencies related to financial operations were disclosed in this report. The company confirmed that no reportable events occurred during KPMG's retention period.
Investor Verification Checklist
- Verify the reasons for the change in auditors by reviewing the attached letter from KPMG (Exhibit 16.1).
- Confirm that Moss Adams LLP has no prior conflicts of interest or undisclosed consultations with the company.
- Review subsequent filings (e.g., 10-Q or 10-K) to assess if the change in auditor correlates with any changes in financial reporting or restatements.
- Check for any regulatory inquiries or market reactions following the announcement of the auditor dismissal.