Summary
General Motors Company (GM) announced a change in its principal independent registered public accounting firm. The company's Audit Committee has approved the engagement of Ernst & Young LLP (EY) to serve as GM's independent registered public accounting firm for the fiscal year ending December 31, 2018. This decision follows a competitive process involving multiple accounting firms. Deloitte & Touche LLP (Deloitte), the current auditor, will continue to audit GM's financial statements for the fiscal year ending December 31, 2017. The company has stated that there were no disagreements or reportable events with Deloitte during the relevant periods, and Deloitte has provided a letter to the SEC confirming this. Furthermore, GM has stated that there was no prior consultation with EY regarding accounting matters or disagreements during the specified periods.
Key Highlights
- 1GM is changing its independent registered public accounting firm for the 2018 fiscal year.
- 2Ernst & Young LLP (EY) has been selected as the new auditor for fiscal year 2018.
- 3Deloitte & Touche LLP (Deloitte) will continue as the auditor for the fiscal year 2017.
- 4The change follows a competitive selection process conducted by GM's Audit Committee.
- 5GM states there were no disagreements or reportable events with Deloitte in prior periods.
- 6Deloitte has confirmed GM's statements in a letter filed with the SEC.
- 7There were no prior consultations with EY on accounting matters or disagreements.