8-K/AFinancial EventsExhibits & Filings

MERCADOLIBRE INC 8-K/A Report, Auditor Change (Mar 3, 2010)

Filed March 3, 2010For Securities:MELI

Summary

This amended 8-K filing by MercadoLibre, Inc. (MELI) provides updated disclosures regarding the change in the company's certifying accountant. It confirms the dismissal of Price Waterhouse & Co. S.R.L. ("PWC") as the independent registered public accounting firm and the appointment of Deloitte & Co S.R.L. ("Deloitte") for the fiscal year 2010. The amendment covers the period up to the filing date and includes a letter from PWC confirming the absence of any disagreements or reportable events.

Key Highlights

  • 1MercadoLibre, Inc. has officially changed its independent registered public accounting firm.
  • 2Price Waterhouse & Co. S.R.L. (PWC) has been dismissed as the company's auditor.
  • 3Deloitte & Co S.R.L. (Deloitte) has been appointed as the new independent registered public accounting firm for fiscal year 2010.
  • 4The change in auditors is effective no later than the filing of MercadoLibre's 2009 Form 10-K.
  • 5There were no disagreements between MercadoLibre and PWC on any accounting principles or financial statement disclosures during the relevant periods.
  • 6No reportable events occurred during the fiscal years 2008, 2009, and the subsequent interim period that would require specific disclosure.
  • 7PWC's audit reports for fiscal years 2008 and 2009 were without adverse opinions or qualifications.

Frequently Asked Questions

While the filing doesn't explicitly state a reason, the company's Audit Committee approved the appointment of Deloitte & Co S.R.L. as the independent registered public accounting firm for fiscal year 2010, indicating a strategic decision to switch auditors.

No, the filing explicitly states that there were no disagreements with PWC on any matter of accounting principles, practices, financial statement disclosure, or auditing scope or procedure. Additionally, there were no reportable events during the relevant periods.

This is an amended filing (8-K/A) to update the initial 8-K report. It provides additional disclosures regarding the change in auditors, covering the period up to the filing date of this amendment and includes a letter from the former accountant, PWC, confirming the disclosures.

The Audit Committee approved the appointment of Deloitte on November 2, 2009, and informed PWC of its dismissal on November 3, 2009. The dismissal was to be effective no later than the filing of the company's 2009 Form 10-K, and this 8-K/A filing confirms the updated disclosures related to this transition.