Business Context and Reporting Period
This Form 8-K is a current report filed by Where Food Comes From, Inc. on December 22, 2016. The filing addresses a change in the company's independent registered public accounting firm, effective December 20, 2016.
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 administrative change of the external auditor.
Material Changes
- Dismissal of Previous Auditor: The Audit Committee dismissed GHP Horwath, P.C. (GHP) as the independent registered public accounting firm on December 20, 2016.
- Engagement of New Auditor: The Audit Committee engaged EKS&H, LLLP (EKS&H) to serve as the new independent registered public accounting firm, effective December 20, 2016.
- Audit History: GHP's reports for fiscal years 2014 and 2015 did not contain adverse opinions, disclaimers, or qualifications regarding uncertainty, audit scope, or accounting principles. Explanatory paragraphs in those reports related to specific acquisitions (International Certification Services, Sterling Solutions, and Validus Verification Services).
- Disagreements: There were no disagreements with GHP on accounting principles, practices, disclosures, or auditing scope during the two most recent fiscal years or the subsequent period through December 20, 2016.
- Consultations: The company did not consult with the new auditor, EKS&H, regarding accounting principles, audit opinions, or matters of disagreement with the former auditor during the relevant period.
Guidance, Outlook, and Risks
The filing contains no management guidance, financial outlook, or discussion of business risks. The primary contingency noted is the transition of audit responsibilities, which the company states was conducted without material disagreement or reportable events.
Investor Verification Checklist
- Verify the effective date of the auditor change (December 20, 2016).
- Confirm the identity of the new auditor (EKS&H, LLLP) and the former auditor (GHP Horwath, P.C.).
- Review the attached Exhibit 16.1 (Letter from GHP Horwath, P.C.) to confirm the former auditor's agreement with the company's statements regarding the dismissal.
- Note that no financial metrics are provided in this specific filing; refer to the most recent 10-K or 10-Q for financial data.