Business Context and Reporting Period
This Form 8-K filing by Thryv Holdings, Inc. (THRY) was submitted on April 11, 2022, with a report date of April 14, 2022. The filing addresses a significant corporate governance event: the change of the company's independent registered public accounting firm.
Financial Metrics
This filing does not contain financial performance data. There are no disclosures regarding revenue, profit, cash flow, margins, debt, or liquidity metrics within this document.
Material Changes
- Dismissal of Auditor: On April 11, 2022, the Audit Committee dismissed Ernst & Young LLP (EY) as the independent registered public accounting firm, effective immediately.
- Engagement of New Auditor: On April 14, 2022, the Committee engaged Grant Thornton LLP as the new independent registered public accounting firm for the fiscal year ending December 31, 2022.
- Audit History: EY's reports for the years ended December 31, 2021, and 2020 were unqualified and did not contain adverse opinions, disclaimers, or modifications regarding uncertainty, scope, or accounting principles.
- Disagreements: The company reported no disagreements with EY on accounting principles, practices, or audit scope during the two most recent fiscal years and the interim period through April 11, 2022.
- Consultation with New Auditor: No consultations occurred with Grant Thornton 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 future risks. The primary focus is the procedural disclosure of the auditor change and the confirmation that no reportable events or disagreements precipitated the dismissal of the prior firm.
Key Facts for Investor Verification
- Verify the content of the letter from Ernst & Young LLP (Exhibit 16.1) to confirm their stance on the dismissal.
- Monitor future filings for the first audit report issued by Grant Thornton LLP to assess any changes in accounting treatment or audit scope.
- Review subsequent 10-Q or 10-K filings to determine if the auditor change correlates with any restatements or adjustments to prior financial periods.