What is the main purpose of this 8-K/A filing?

This filing is an amendment to clarify and confirm the change in General Motors' independent registered public accounting firm. It details the completion of the audit by the outgoing firm, Deloitte, and reaffirms the engagement of the new firm, EY, for the upcoming fiscal year.

Were there any issues or disagreements with the previous auditor, Deloitte?

No, the filing explicitly states that there were no disagreements on any matters of accounting principles, practices, financial statement disclosure, or auditing scope/procedure. Additionally, there were no 'reportable events' that would typically be disclosed in such a situation.

Has the new auditor, EY, provided any advice or been involved in any significant accounting matters before this appointment?

The filing indicates that GM has not consulted with EY on any specific accounting principles for transactions, the type of audit opinion, or any matters that were subject to disagreement or reportable events. This suggests EY's involvement is primarily for the upcoming audit period.

What does it mean that Deloitte's reports were not adverse or qualified?

This means that Deloitte's audit of GM's financial statements for the fiscal years ended December 31, 2016, and 2017, concluded that the financial statements presented fairly, in all material respects, the company's financial position and results of operations according to U.S. Generally Accepted Accounting Principles (GAAP). An unqualified opinion is the standard positive assurance from an auditor.

GM 8-K: Financial Events

Summary

This 8-K/A filing from General Motors Co. (GM) serves as an amendment, primarily clarifying the transition of their independent registered public accounting firm. While GM had previously announced the engagement of EY for the fiscal year ending December 31, 2018, this filing confirms the completion of Deloitte's audit for the fiscal year ended December 31, 2017, with their report not containing any adverse opinions or qualifications. This transition appears to be routine and free from any significant disagreements or reportable events concerning accounting principles or financial reporting.

Key Highlights

1GM's independent auditor for the fiscal year ending December 31, 2018, is EY.
2Deloitte & Touche LLP has completed its audit of GM's consolidated financial statements for the fiscal year ended December 31, 2017.
3Deloitte's audit reports for fiscal years 2016 and 2017 were unqualified and did not contain any adverse opinions, disclaimers, or modifications.
4There were no disagreements between GM and Deloitte on accounting principles, financial statement disclosure, or auditing procedures during the relevant periods.
5No reportable events (as defined by SEC regulations) occurred during the fiscal years 2016, 2017, or the subsequent interim period until Deloitte's dismissal.
6GM has not consulted with EY regarding any new accounting principles, proposed transactions, or potential disagreements prior to EY's engagement.
7An exhibit includes a letter from Deloitte & Touche LLP addressing the statements made in this filing.

General Motors Co 8-K/A Report, Auditor Change (Feb 12, 2018)

Summary

Key Highlights

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