Business Context and Reporting Period
This Form 8-K filing by Entravision Communications Corporation covers the period ending March 18, 2014. The report details a significant corporate governance event: the dismissal of the company's independent registered public accounting firm and the subsequent engagement of a new firm.
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 the change in the registrant's certifying accountant.
Material Changes
- Dismissal of Auditor: On March 18, 2014, the Audit Committee dismissed McGladrey LLP as the independent registered public accounting firm.
- Engagement of New Auditor: On March 21, 2014, the company formally engaged Grant Thornton LLP as the new independent registered public accounting firm.
- Audit History: McGladrey's reports for the years ended December 31, 2012, and 2013 contained no adverse opinions, disclaimers, or qualifications regarding uncertainty, audit scope, or accounting principles.
- Disagreements: There were no disagreements with McGladrey on accounting principles, practices, or auditing scope during the relevant periods.
- Consultations: No consultations occurred with Grant Thornton regarding accounting principles or reportable events prior to their engagement.
Guidance, Outlook, and Risks
The filing does not contain financial guidance, outlook, or management commentary on business performance. The primary risk disclosed is the change in the external audit firm, though the company explicitly states there were no underlying disagreements or reportable events necessitating the change.
Investor Verification Checklist
- Verify the content of the letter from McGladrey LLP (Exhibit 16.1) to confirm their agreement with the company's statements regarding the dismissal.
- Confirm the effective date of Grant Thornton LLP's engagement for future audit cycles.
- Review subsequent filings to ensure the transition between accounting firms did not impact the timeliness or quality of future financial reporting.