ADDUS HOMECARE CORPORATION (NASDAQ:ADUS) Files An 8-K Changes in Registrant’s Certifying Accountant
Item4.01. Change in Registrants Certifying Accountant
Previous independent registered public accounting
firm
On April21, 2017, Addus HomeCare Corporation (the Company)
notified BDO USA, LLP (BDO) that BDO had been dismissed as the
Companys principal independent registered public accounting firm
effective upon the date (the Effective Date) of filing for the
Companys Form 10-Q for the three months ended March31, 2017. The
Audit Committee of the Board of Directors (the Audit Committee)
of the Company approved the dismissal of BDO.
The reports of BDO on the audited consolidated financial
statements of the Company for the years ended December31, 2016
and 2015 did not contain an adverse opinion or a disclaimer of
opinion and were not qualified or modified as to uncertainty,
audit scope, or accounting principles.
During the years ended December31, 2016 and 2015 and through
April25, 2017, there were no disagreements with BDO on any matter
of accounting principles or practices, financial statement
disclosures, or auditing scope or procedure, which
disagreement(s), if not resolved to the satisfaction of BDO,
would have caused it to make reference thereto in its reports on
the audited consolidated financial statements of the Company for
such years. During the years ended December31, 2016 and 2015, and
through April25, 2017, there were no reportable events as defined
under Item 304(a)(1)(v) of Regulation S-K, except for the material
weakness reported on the Companys Annual Report on Form 10-K for
the year-ended December31, 2015 and Quarterly Reports on Form
10-Q for the
quarterly periods ended March31, June30, and September30 of 2016
related to (a)the segregation of duties, user access, and
monitoring and review controls related to billable and
non-billable
transactions, (b)validating the completeness and accuracy of
underlying data used in the operation of monitoring controls and
(c)review of new hires, terminations and payroll changes. The
material weaknesses identified in clauses (a)through (c)above
were remediated during the quarter ended December31,
2016.
to Item 304(a)(3) of
Regulation S-K, the Company provided BDO with a copy of the
disclosures it is making herein and requested that BDO furnish
the Company with a letter addressed to the Securities and
Exchange Commission (the SEC) stating whether it agrees with the
above statements. A copy of BDOs letter to the SEC dated April25,
2017 is attached as Exhibit 16.1 to this report. Following the
Effective Date, the Company intends to file an amendment to this
Form 8-K (the Form 8-K/A) to provide disclosure required by this
Item 4.01 with respect to the period between April25, 2017 and
the Effective Date. The Company will provide BDO with a copy of
the disclosures in the Form 8-K/A and will request that BDO
furnish it with a letter addressed to the Securities and Exchange
Commission stating whether or not it agrees with the Companys
statements in Item 4.01 to the Form 8-K/A.
New independent
registered public accounting
firm
On April25, 2017 (the
Engagement Date), the Company engaged Ernst Young LLP (EY) as its
independent registered public accounting firm for the Companys
fiscal year ended December31, 2017. The decision to engage EY as
the Companys independent registered public accounting firm was
approved by the Audit Committee.
During the years ended
December31, 2016 and 2015, and through the Engagement Date,
neither the Company, nor anyone on its behalf, consulted EY
regarding (i)the application of accounting principles to a
specified transaction, either completed or proposed, or the type
of audit opinion that might be rendered with respect to the
audited consolidated financial statements of the Company, and no
written report was provided to the Company or oral advice was
provided that EY concluded was an important factor considered by
the Company in reaching a decision as to the accounting, auditing
or financial reporting issue; or (ii)any matter that was the
subject of a disagreement (as defined in Item 304(a)(1)(iv) of
Regulation S-K and the related instructions) or a reportable
event (as described in Item 304(a)(1)(v) of Regulation
S-K).
Item9.01. Financial
Statements and Exhibits
(d)
Exhibits:
|
Exhibit No. |
Description |
|
| 16.1 |
Letter from BDO USA, LLP, dated April25, 2017, regarding change in certifying accountant. |
About ADDUS HOMECARE CORPORATION (NASDAQ:ADUS)
Addus HomeCare Corporation is a provider of home and community-based personal care services, which are provided primarily in the home, and is focused on the dual eligible (Medicare/Medicaid) population. The Company’s services include non-medical care, such as personal care, home support services and adult day care. The Company provides these services on a long-term, continuous basis, with an average duration of over 20 months per consumer. The Company’s services are primarily provided to older adults and younger disabled persons in consumers’ homes on an as-needed, hourly basis. The Company’s personal care services include bathing, grooming, oral care, skincare, assistance with feeding and dressing, and medication reminders. The Company’s adult day centers offer services, such as social activities, transportation services to and from the centers, the provision of meals and snacks, personal care and therapeutic activities, such as exercise and cognitive interaction. ADDUS HOMECARE CORPORATION (NASDAQ:ADUS) Recent Trading Information
ADDUS HOMECARE CORPORATION (NASDAQ:ADUS) closed its last trading session up +0.10 at 33.35 with 29,002 shares trading hands.