Business Context and Reporting Period
This Form 8-K Current Report was filed by NanoViricides, Inc. on December 3, 2014, covering events occurring on December 1 and December 2, 2014. The filing addresses a 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 is strictly procedural regarding the appointment of auditors.
Material Changes
- Dismissal of Auditor: On December 1, 2014, the Board of Directors and audit committee dismissed Li and Company, PC as the independent registered public accounting firm.
- Engagement of New Auditor: On December 2, 2014, the Board engaged Eisner Amper LLP as the new independent registered public accounting firm to audit the company's financial statements.
- Audit History: Li and Company's reports for the fiscal years ended June 30, 2014, and 2013, contained no adverse opinions, disclaimers, or qualifications regarding uncertainty, audit scope, or accounting principles.
- Disagreements: There were no disagreements with Li and Company on accounting principles, practices, or auditing scope during the relevant periods.
- Consultations: No consultations were held with Eisner Amper LLP regarding accounting principles or audit opinions prior to their engagement.
Guidance, Outlook, and Risks
The filing contains no management guidance, financial outlook, or discussion of operational risks. The primary contingency noted is the transition of audit responsibilities, which was executed without reported disputes or reportable events under Regulation S-K.
Investor Verification Checklist
- Verify the reasons for the dismissal of Li and Company, PC, as they are not explicitly detailed beyond the Board's approval.
- Confirm the effective date of the new audit engagement with Eisner Amper LLP (December 2, 2014).
- Review the letter from Li and Company, PC (filed as Exhibit 16.1) to ensure they concur with the company's disclosures regarding the dismissal.
- Check subsequent filings to confirm the issuance of the next audited financial statements by the new firm.