SEC Filing Summary: Touchstone Mining Limited (Form 8-K)
Business Context and Reporting Period
This Current Report (Form 8-K) was filed by Touchstone Mining Limited, a Nevada corporation, on January 23, 2007. The report addresses a change in the company's certifying accountants. The registrant's principal executive offices are located in Vancouver, British Columbia, Canada.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is strictly procedural regarding auditor changes and does not contain financial statement data.
Material Changes
- Resignation of Former Auditors: On January 23, 2007, Staley, Okada & Partners resigned as the company's auditors. The resignation was effective immediately and was due to their acquisition by PricewaterhouseCoopers.
- Appointment of New Auditors: On January 23, 2007, the company engaged Child, Van Wagoner & Bradshaw, PLLC as its new independent registered firm of Certified Public Accountants, subject to board approval.
- Audit History: The former auditors' reports for the past two years did not contain adverse opinions, disclaimers, or modifications regarding uncertainty, scope, or accounting principles.
Management Commentary and Risks
Management confirmed there were no disagreements with Staley, Okada & Partners regarding accounting principles, financial statement disclosures, or auditing scope/procedures during the most recent fiscal year or subsequent interim periods. The former auditors agreed with the company's disclosure regarding the resignation. No specific risks, contingencies, or unusual items were disclosed in this filing.
Key Facts for Investor Verification
- Verify the transition timeline between Staley, Okada & Partners and Child, Van Wagoner & Bradshaw, PLLC.
- Confirm that the resignation was solely due to the acquisition by PricewaterhouseCoopers and not due to any undisclosed disputes.
- Review the attached Exhibit 16.1 (Letter from Staley, Okada & Partners) for any additional context on the resignation.
- Monitor future filings for the first financial statements audited by the new firm.