Business Context and Reporting Period
This Form 8-K filing by Entravision Communications Corporation reports a corporate governance event dated June 26, 2009. The filing addresses a change in the Company's independent registered public accounting firm.
Key Financial Metrics
The filing text does not provide specific financial data such as revenue, profit, cash flow, margins, debt, or liquidity. The document is a current report regarding an auditor change and does not contain financial statements or performance metrics.
Material Changes
- Dismissal of Auditor: The Audit Committee dismissed PricewaterhouseCoopers LLP (PWC) as the independent registered public accounting firm.
- Engagement of New Auditor: The Committee engaged McGladrey & Pullen LLP (M&P) as the new independent registered public accounting firm.
- Audit History: PWC's reports for the years ended December 31, 2007, and 2008 were unqualified (no adverse opinion, disclaimer, or modification).
- Disagreements: There were no disagreements with PWC regarding accounting principles, practices, financial statement disclosure, or auditing scope/procedures during the relevant periods.
Guidance, Outlook, and Risks
The filing contains no management guidance, financial outlook, or discussion of future risks. It confirms that no consultations occurred between the Company and the new auditor (M&P) regarding accounting principles or reportable events prior to the engagement. The Company has requested a letter from PWC confirming their agreement with the disclosures, which is filed as Exhibit 16.1.
Investor Verification Checklist
- Verify the content of the letter from PricewaterhouseCoopers LLP (Exhibit 16.1) to confirm their stance on the dismissal.
- Review subsequent filings (e.g., 10-K or 10-Q) to assess the impact of the auditor change on financial reporting.
- Confirm the effective date of McGladrey & Pullen LLP's engagement for future audit cycles.