Business Context and Reporting Period
Company: Citizens, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: September 8, 2017
Reporting Period: The filing reports on a specific corporate event occurring on September 8, 2017, regarding the selection of a new independent registered public accounting firm.
Key Financial Metrics
This filing does not contain financial performance data. The document does not provide values for revenue, profit, cash flow, margins, debt, or liquidity.
Material Changes
Change in Certifying Accountant:
- Citizens, Inc. selected Deloitte & Touche LLP to serve as its independent registered public accounting firm for the fiscal year ending December 31, 2017.
- The selection followed an auditor selection process led by the Audit Committee of the Board of Directors.
- Deloitte was formally engaged on September 8, 2017.
Guidance, Outlook, and Risks
Consultation History:
- During the years ended December 31, 2016 and 2015, and through September 8, 2017, neither the Company nor anyone on its behalf consulted Deloitte regarding the application of accounting principles to specified transactions or the type of audit opinion that might be rendered.
- There were no disagreements or reportable events with Deloitte during this period.
Investor Verification Checklist
- Verify the formal engagement date of Deloitte & Touche LLP (September 8, 2017).
- Confirm the absence of prior consultations or disagreements with Deloitte regarding accounting principles or audit opinions for the periods 2015, 2016, and through September 2017.
- Review the accompanying News Release (Exhibit 99.1) for additional context on the auditor selection process.