8-K/AFinancial EventsExhibits & Filings

FAIR ISAAC CORP 8-K/A Report, Auditor Change (Dec 17, 2004)

Filed December 17, 2004For Securities:FICO

Summary

This Form 8-K filing by Fair Isaac Corporation (FICO) amends a previous filing to formally announce the effective date of their auditor change. On November 14, 2004, the company dismissed KPMG LLP and appointed Deloitte & Touche LLP as their new independent accountants. This change became effective December 14, 2004, upon the completion of KPMG's audit for the fiscal year ended September 30, 2004. The filing also states that there were no disagreements with KPMG on any accounting principles, disclosures, or auditing procedures during their tenure that would have warranted mention in KPMG's audit reports. Similarly, there were no consultations with Deloitte & Touche prior to their appointment regarding any significant accounting or auditing matters.

Key Highlights

  • 1Fair Isaac Corporation (FICO) formally confirms the change in its independent registered public accounting firm.
  • 2KPMG LLP was dismissed as the company's auditor and Deloitte & Touche LLP has been appointed as the new auditor.
  • 3The auditor change became effective on December 14, 2004, after KPMG completed their audit for the fiscal year ended September 30, 2004.
  • 4KPMG's audit reports for fiscal years 2003 and 2004 did not contain adverse opinions, disclaimers, or modifications, with the exception of a reference to a change in goodwill accounting.
  • 5There were no disagreements with the former auditor (KPMG) on accounting principles, financial disclosure, or auditing procedures.
  • 6The company did not consult with the new auditor (Deloitte & Touche) on any reportable accounting or auditing events prior to their appointment.

Frequently Asked Questions

The filing does not provide a specific reason for the auditor change beyond the official dismissal of KPMG and engagement of Deloitte & Touche. This type of change can occur for various reasons, including audit firm policies, client relationship dynamics, or a desire for a fresh perspective.

No, the filing explicitly states that there were no disagreements with KPMG on any matters of accounting principles, practices, financial statement disclosure, or auditing scope or procedure during their engagement for the fiscal years ended September 30, 2003, and 2004.

This reference in KPMG's audit reports indicates that Fair Isaac Corporation altered how it accounts for goodwill during the fiscal years ended September 30, 2003, and 2004. Changes in accounting methods for significant items like goodwill can impact financial statements and require clear disclosure to investors.

No, the company stated that it did not consult with Deloitte & Touche regarding any of the matters or events that would require disclosure under Regulation S-K prior to their appointment as the new independent accountants.