Summary
MercadoLibre, Inc. (MELI) filed an 8-K on November 8, 2021, to announce a change in its independent registered public accounting firm. Effective after the completion of its 2021 audit and report issuance, the company will dismiss Deloitte & Co S.A. as its auditor. This decision was made at the direction of the Audit Committee. Concurrently, the company has appointed Pistrelli, Henry Martin y Asociados S.R.L., a member firm of Ernst & Young Global Limited (EY), as its new independent registered public accounting firm. EY's appointment is contingent upon client acceptance procedures and will be for the fiscal year ending December 31, 2022, and related interim periods. The filing clarifies that there were no disagreements with Deloitte regarding accounting principles or financial disclosures, although it references previously disclosed material weaknesses in internal control over financial reporting.
Key Highlights
- 1MercadoLibre, Inc. is changing its independent registered public accounting firm, dismissing Deloitte & Co S.A.
- 2The dismissal of Deloitte is effective upon the completion of their audit for the fiscal year ending December 31, 2021.
- 3Ernst & Young (EY) has been appointed as the new independent registered public accounting firm.
- 4EY's appointment is for the fiscal year ending December 31, 2022, and subsequent interim periods.
- 5The company states there were no disagreements with Deloitte on accounting principles or financial reporting matters.
- 6Previously disclosed material weaknesses in internal control over financial reporting are referenced in the context of auditor change disclosures.
- 7Deloitte has provided a letter to the SEC agreeing with the company's statements regarding the auditor change.