Business Context and Reporting Period
This Form 6-K filing by Banco Bradesco S.A. (Bank Bradesco) covers the period ending March 31, 2011. The document serves as a Notice to the Market regarding a corporate governance decision made by the Board of Directors on March 21, 2011.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on a change in independent auditors and does not contain financial performance data for the period.
Material Changes
The primary material change disclosed is the replacement of the company's independent auditor:
- Outgoing Auditor: PricewaterhouseCoopers Auditores Independentes.
- Incoming Auditor: KPMG Auditores Independentes (CNPJ 57.755.217/0001-29).
- Effective Date: The engagement begins for the year 2011.
- Rationale: The decision was based on Corporate Governance practices and the management process for hiring independent auditors, following a recommendation by the Audit Committee.
Guidance, Outlook, and Risks
The filing includes a standard Forward-Looking Statements disclaimer. It notes that any statements regarding future economic circumstances, industry conditions, company performance, dividend declarations, or capital expenditure plans are based on management's current views and estimates. The document explicitly states that actual results may differ materially from expectations due to risks and uncertainties, including general economic and market conditions.
Investor Verification Checklist
- Verify the official appointment of KPMG Auditores Independentes with the Brazilian Securities Commission (CVM).
- Review the transition plan between PricewaterhouseCoopers and KPMG to ensure no disruption in audit services.
- Consult the company's upcoming Form 20-F or quarterly reports for the actual financial performance data for the first quarter of 2011, as it is absent from this filing.
- Monitor future press releases for any additional commentary from the Audit Committee regarding the auditor change.