Summary
Cheniere Energy, Inc. (LNG) filed an 8-K on August 17, 2006, primarily to disclose a change in its principal independent registered public accounting firm. The company's former auditor, UHY Mann Frankfort Stein & Lipp CPAs, LLP (UHY MFSL), resigned due to its partners joining UHY LLP, an affiliated firm. Consequently, Cheniere Energy has appointed UHY LLP as its new independent registered public accountant for the fiscal year ending December 31, 2006, and interim periods. The change in auditors appears to be an administrative restructuring rather than a result of any disagreements on accounting principles or financial reporting.
Key Highlights
- 1Cheniere Energy, Inc. (LNG) is reporting a change in its independent registered public accounting firm.
- 2The former auditor, UHY Mann Frankfort Stein & Lipp CPAs, LLP (UHY MFSL), resigned effective August 17, 2006.
- 3The resignation of UHY MFSL is due to its partners joining an affiliated firm, UHY LLP.
- 4Cheniere Energy has appointed UHY LLP as its new independent registered public accountant for the fiscal year ending December 31, 2006, and interim periods.
- 5The company states there were no disagreements with UHY MFSL on any accounting principles, financial statement disclosures, or auditing procedures.
- 6The decision to engage UHY LLP was approved by the company's Audit Committee.
- 7A letter from UHY MFSL to the SEC regarding this change is filed as an exhibit.
Frequently Asked Questions
Cheniere Energy is changing its auditor because its previous accounting firm, UHY Mann Frankfort Stein & Lipp CPAs, LLP, resigned. This resignation was a result of the partners of UHY Mann Frankfort Stein & Lipp CPAs, LLP joining an affiliated firm, UHY LLP.
No, the company explicitly states in the filing that there were no disagreements with UHY Mann Frankfort Stein & Lipp CPAs, LLP on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure during the past two fiscal years or any subsequent interim periods.
Cheniere Energy has appointed UHY LLP as its new independent registered public accountant. This appointment is effective for the company's fiscal year ending December 31, 2006, and for the interim periods prior to that year-end.
The filing indicates that Cheniere Energy did not consult with UHY LLP regarding the application of accounting principles, the type of audit opinion, or any matters that were the subject of a disagreement or reportable event during the two most recent fiscal years or any subsequent interim period prior to this engagement.