INVO Bioscience, Inc. Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by INVO Bioscience, Inc. (the "Company") on March 5, 2009, covering events occurring on March 2, 2009. The Company is incorporated in Nevada and operates from Beverly, Massachusetts. The filing primarily addresses a change in the Company's independent registered public accounting firm.
Financial Metrics
The filing does not provide specific financial data such as revenue, profit, cash flow, margins, debt, or liquidity metrics. The document focuses exclusively on corporate governance regarding the audit function.
Material Changes
- Dismissal of Accountant: The Board of Directors approved the dismissal of Webb & Company, P.A. ("Webb & Co.") as the independent registered public accounting firm, effective March 2, 2009. Webb & Co. had been engaged since December 5, 2008, following a reverse merger transaction.
- Engagement of New Accountant: The Board ratified the selection of RBSM, LLP ("RBSM") as the new independent registered public accounting firm for the fiscal year ending December 31, 2008. The engagement was formalized via a letter dated March 2, 2009.
- Audit History: The Company reported no disagreements, reportable events, or adverse opinions with Webb & Co. during their tenure. Similarly, no consultations regarding accounting principles or audit opinions occurred with RBSM prior to their engagement.
Outlook, Risks, and Management Commentary
Management confirmed that the transition of auditors was conducted without any underlying disputes regarding accounting principles, financial statement disclosures, or auditing scope. The Company provided Webb & Co. with a copy of this filing prior to submission, and Webb & Co. furnished a letter (Exhibit 16.1) agreeing with the Company's statements.
Key Facts for Investor Verification
- Verify the reason for the auditor change, as the filing states no disagreements occurred, which may imply a strategic or administrative decision rather than a financial dispute.
- Confirm the status of the financial statements for the fiscal year ended December 31, 2008, now that RBSM, LLP has been engaged.
- Review the reverse merger transaction with Emy's Salsa Aji Distribution Company, Inc. (closed December 5, 2008) to understand the context of the initial auditor engagement.
- Note that the filing contains no financial performance data; investors should refer to the most recent 10-K or 10-Q for financial metrics.