Business Context and Reporting Period
This Form 8-K Current Report was filed by SandRidge Energy, Inc. on June 21, 2022, regarding events that occurred on June 20, 2022. The filing pertains to a change in the Company's independent registered public accounting firm for the fiscal year ending December 31, 2022.
Key Financial Metrics
This filing does not contain financial performance data. There are no disclosures regarding revenue, profit, cash flow, margins, debt, or liquidity in this document.
Material Changes
- Dismissal of Previous Auditor: The Audit Committee dismissed Deloitte & Touche LLP as the independent registered public accounting firm on June 20, 2022.
- Engagement of New Auditor: The Audit Committee appointed Moss Adams LLP as the new independent registered public accounting firm for the fiscal year ending December 31, 2022.
- Audit History: Deloitte's reports for the fiscal years ended December 31, 2021, and 2020 contained no adverse opinions, disclaimers, or qualifications.
- Disagreements: The Company reported no disagreements with Deloitte regarding accounting principles, practices, financial statement disclosures, or auditing scope/procedures during the relevant periods.
- Reportable Events: No "reportable events" as defined in Item 304(a)(1)(v) of Regulation S-K occurred during the relevant periods.
Guidance, Outlook, and Risks
The filing contains no management guidance, financial outlook, or discussion of operational risks. The primary disclosure is the procedural change in the external audit firm. The Company confirmed that Deloitte was provided with a copy of the disclosures prior to filing and requested a letter addressed to the SEC regarding the statements made, which is attached as Exhibit 16.1.
Investor Verification Checklist
- Verify the content of the attached letter from Deloitte & Touche LLP (Exhibit 16.1) to confirm their stance on the dismissal.
- Review subsequent filings to confirm the transition timeline and any potential restatements or adjustments resulting from the change in auditors.
- Monitor future 10-Q or 10-K filings for any new disclosures regarding disagreements or reportable events that may have arisen post-appointment of Moss Adams LLP.