SEC Filing Summary: Las Vegas Sands Corp. (8-K)
Business Context and Reporting Period
This Form 8-K was filed by Las Vegas Sands Corp. on April 23, 2013. The report addresses a significant corporate governance event regarding the company's independent registered public accounting firm.
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 in the registrant's certifying accountant.
Material Changes
On April 23, 2013, PricewaterhouseCoopers LLP (PwC) declined to stand for re-election as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2013. PwC's appointment will terminate upon the completion of its review of the condensed consolidated financial statements for the quarter ended March 31, 2013, the filing of the related Form 10-Q, and the completion of certain statutory audit services. The Audit Committee is currently selecting a successor firm.
Management Commentary and Risks
Management confirmed that PwC's reports for the fiscal years ended December 31, 2012 and 2011 contained no adverse opinions, disclaimers, or qualifications regarding uncertainty, audit scope, or accounting principles. There were no disagreements with PwC on accounting principles, practices, financial statement disclosures, or auditing scope/procedures during the fiscal years 2011 and 2012, or through April 23, 2013. Additionally, no "reportable events" as defined in Item 304(a)(1)(v) of Regulation S-K occurred during this period.
Key Facts for Investor Verification
- PricewaterhouseCoopers LLP has declined re-election as the independent auditor for the 2013 fiscal year.
- The Audit Committee is actively in the process of selecting a replacement accounting firm.
- There were no reported disagreements or reportable events between the Company and PwC during the tenure of the firm.
- PwC's final engagement will conclude after the review of the Q1 2013 financial statements and the filing of the Form 10-Q.