IDT CORPORATION (NYSE:IDT) Files An 8-K Changes in Registrant’s Certifying Accountant

Item4.01

(a)On February 1, 2017, IDT Corporation (the Registrant) notified
Grant Thornton LLP (GT) that the Registrant was dismissing GT as
its independent registered public accounting firm, effective
February 1, 2017.The Registrants Audit Committee of the Board of
Directors approved the dismissal of GT as the Registrants
independent registered public accounting firm.

GTs report on the Registrants consolidated financial statements
as of July 31, 2016 and 2015 and for the fiscal years ended July
31, 2016 and July 31, 2015 did not contain an adverse opinion or
a disclaimer of opinion, nor was it qualified or modified as to
uncertainty, audit scope or accounting principles.

During the fiscal years ended July 31, 2016 and July 31, 2015 and
the subsequent interim period through February 1, 2017, there
were no disagreementsbetween the Registrant and GT on any matter
of accounting principles or practices, financial statement
disclosure, or auditing scope or procedure, which disagreements,
if not resolved to the satisfaction of GT, would have caused GT
to make reference to the subject matter of the disagreements in
connection with its report on the Registrants financial
statements for such periods.

During the fiscal years ended July 31, 2016 and July 31, 2015 and
the subsequent interim period through February 1, 2017, there
were no reportable events, as defined in Regulation S-K Item
304(a)(1)(v).

The Registrant has provided GT with a copy of the above
disclosures and requested that GT furnish the Registrant with a
letter addressed to the Securities and Exchange Commission
stating whether it agrees with the foregoing statements and, if
not, stating the respects in which it does not agree. A copy of
GTs letter, dated February 6, 2017, is attached as Exhibit 16.1
to this Form 8-K.

(b)On February 1, 2017, the Registrant appointed BDO USA, LLP
(BDO) to serve as the Registrants independent registered public
accounting firm for the remainder of the fiscal year ending July
31, 2017, and to issue a report on the audit of the Registrants
financial statements for fiscal 2017.The decision to engage BDO
was approved by the Registrants Audit Committee of the Board of
Directors and was made after a competitive bidding process and
evaluation. During the Registrants two most recent fiscal years
and the subsequent interim period through February 1, 2017, the
Registrant did not consult BDO with respect to any of the matters
or events listed in Regulation S-K Item 304(a)(2).

(d) Exhibits.

About IDT CORPORATION (NYSE:IDT)

IDT Corporation is a holding company with operations primarily in the telecommunications and payment industries. The Company’s segments include Telecom Platform Services, Consumer Phone Services and All Other. The Company’s Telecom Platform Services segment provides retail telecommunications and payment offerings, as well as wholesale international long distance traffic termination. The Telecom Platform Services segment markets and distributes multiple communications and payment services across four businesses: Retail Communications, Wholesale Carrier Services, Payment Services and Hosted Platform Solutions. The Company’s Consumer Phone Services segment provides consumer local and long distance services in certain states of the United States. The Telecom Platform Services and Consumer Phone Services segments comprise the Company’s IDT Telecom division. The All Other segment includes its real estate holdings and other smaller businesses.

IDT CORPORATION (NYSE:IDT) Recent Trading Information

IDT CORPORATION (NYSE:IDT) closed its last trading session up +0.10 at 19.64 with 114,067 shares trading hands.