Business Context and Reporting Period
This Form 6-K filing by Globant S.A. is dated March 10, 2020, covering the month of March 2020. The report discloses a material corporate governance event: the dismissal of the Company's independent registered public accounting firm, Deloitte & Co. S.A., and the recommendation to appoint Price Waterhouse & Co. S.R.L. (PwC) as the successor auditor for the fiscal year ending December 31, 2020.
Financial Metrics
The filing text does not provide specific financial data, including revenue, profit, cash flow, margins, debt, or liquidity metrics. This report is strictly informational regarding the change in the registrant's certifying accountant.
Material Changes
- Accountant Change: Deloitte & Co. S.A. was dismissed on March 9, 2020.
- Successor Appointment: The audit committee recommended PwC as the new independent registered public accounting firm, subject to shareholder approval at the annual general meeting.
- Audit History: Deloitte's audit reports for the years ended December 31, 2019, 2018, and 2017 contained no adverse opinions, disclaimers, or qualifications regarding uncertainty, audit scope, or accounting principles.
Guidance, Risks, and Contingencies
The filing explicitly states that during the fiscal years ended December 31, 2019 and 2018, and the interim period through March 9, 2020, there were no "disagreements" between the Company and Deloitte on accounting principles, financial statement disclosure, or auditing scope. Furthermore, there were no "reportable events" as defined under Item 16F(a)(1)(v) of Form 20-F. The Company confirmed that no consultations regarding accounting principles or audit opinions were held with PwC prior to this appointment.
Key Facts for Investor Verification
- Verify the outcome of the shareholder vote to appoint PwC at the upcoming annual general meeting.
- Confirm that the transition from Deloitte to PwC proceeds without disruption to the audit of the 2020 fiscal year.
- Note that the change in auditor was not precipitated by any accounting disagreements or reportable events.
- Review the attached Exhibit 16.1 (Deloitte's letter) for any additional context regarding the dismissal.