Summary
This Form 8-K filing by Garmin Ltd. announces a change in the certifying accountant for the Garmin International, Inc. Retirement Plan. Effective October 27, 2014, RubinBrown LLP has been appointed as the independent auditor for the Plan's fiscal year ending December 31, 2014, subject to client acceptance procedures. This change applies to the retirement plan, not the parent corporation, Garmin Ltd. Investors should note that this change is specific to the audit of the employee retirement plan and does not indicate any issues or changes related to the financial reporting or auditing of Garmin Ltd. itself. The filing also confirms that there were no consultations with RubinBrown LLP on accounting principles or reportable events prior to this appointment, suggesting a routine change in auditors for the plan.
Key Highlights
- 1Garmin International, Inc. Retirement Plan has appointed RubinBrown LLP as its independent auditor for the fiscal year ending December 31, 2014.
- 2The appointment is effective as of October 27, 2014.
- 3The change in auditor is subject to RubinBrown LLP's standard client acceptance procedures.
- 4Garmin Ltd.'s audit committee has approved the appointment of RubinBrown LLP.
- 5This change pertains specifically to the retirement plan, not Garmin Ltd. directly.
- 6There were no prior consultations with RubinBrown LLP regarding accounting principles or reportable events.
- 7This appears to be a routine change in the plan's auditor.