Perma-Pipe Appoints New Auditor BDO USA
Ticker: PPIH · Form: 8-K · Filed: Jun 21, 2024 · CIK: 914122
| Field | Detail |
|---|---|
| Company | Perma-Pipe International Holdings, Inc. (PPIH) |
| Form Type | 8-K |
| Filed Date | Jun 21, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 4 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: auditor-change, accounting
TL;DR
Perma-Pipe switches auditors to BDO USA, effective June 20, 2024.
AI Summary
Perma-Pipe International Holdings, Inc. announced on June 17, 2024, that it has appointed BDO USA, P.A. as its new independent registered public accounting firm, effective June 20, 2024. This change follows the resignation of its previous auditor, Weaver and Associates, P.C. The company stated there were no disagreements with Weaver and Associates.
Why It Matters
A change in auditors can sometimes signal underlying issues or a desire for a fresh perspective on financial reporting, which investors should monitor.
Risk Assessment
Risk Level: low — The filing is a routine change of auditor and does not indicate any immediate financial distress or significant operational changes.
Key Players & Entities
- Perma-Pipe International Holdings, Inc. (company) — Registrant
- BDO USA, P.A. (company) — New independent registered public accounting firm
- Weaver and Associates, P.C. (company) — Former independent registered public accounting firm
- June 17, 2024 (date) — Date of Report
- June 20, 2024 (date) — Effective date of new auditor appointment
FAQ
Who is Perma-Pipe International Holdings, Inc.'s new independent registered public accounting firm?
Perma-Pipe International Holdings, Inc. has appointed BDO USA, P.A. as its new independent registered public accounting firm.
When is the appointment of BDO USA, P.A. effective?
The appointment of BDO USA, P.A. is effective as of June 20, 2024.
Who was Perma-Pipe International Holdings, Inc.'s previous independent registered public accounting firm?
Perma-Pipe International Holdings, Inc.'s previous independent registered public accounting firm was Weaver and Associates, P.C.
Were there any disagreements between Perma-Pipe and its former auditor, Weaver and Associates, P.C.?
The filing states that there were no disagreements between Perma-Pipe International Holdings, Inc. and Weaver and Associates, P.C. on any matter of accounting principles or financial statement disclosure.
What is the date of the report for this 8-K filing?
The date of the report for this 8-K filing is June 17, 2024.
Filing Stats: 960 words · 4 min read · ~3 pages · Grade level 14.9 · Accepted 2024-06-20 17:41:47
Filing Documents
- ppih20240514c_8k.htm (8-K) — 31KB
- ex_675568.htm (EX-16.1) — 4KB
- gtimage.jpg (GRAPHIC) — 5KB
- gtsignature.jpg (GRAPHIC) — 8KB
- 0001437749-24-020842.txt ( ) — 184KB
- ppih-20240617.xsd (EX-101.SCH) — 3KB
- ppih-20240617_def.xml (EX-101.DEF) — 11KB
- ppih-20240617_lab.xml (EX-101.LAB) — 15KB
- ppih-20240617_pre.xml (EX-101.PRE) — 11KB
- ppih20240514c_8k_htm.xml (XML) — 3KB
01
Item 4.01 Changes in Registrant's Certifying Accountant The Audit Committee (the "Committee") of the Board of Directors of Perma-Pipe International Holdings, Inc. ("the Company") recently conducted a review and selection process in determination of the Company's independent registered public accounting firm for the fiscal year ending January 31, 2025. As part of this process, the Committee solicited proposals from various firms, including Grant Thornton LLP ("Grant Thornton"), the Company's independent registered public accounting firm for the fiscal year ended January 31, 2024. As a result of this process and in connection with evaluating the proposals from the participating firms, the Committee approved the appointment of PricewaterhouseCoopers LLP ("PwC") as the Company's independent registered public accounting firm for the fiscal year ending January 31, 2025. The Company dismissed Grant Thornton as its independent registered accounting firm on J une 17, 20 24. Further, the Company has authorized Grant Thornton to respond to the inquiries of the successor auditors. The audit reports of Grant Thornton on the Company's consolidated financial statements for the fiscal years ended January 31, 2024 and 2023, did not contain an adverse opinion or a disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope or accounting principles. Additionally, during the fiscal years ended January 31, 2024 and 2023, and the subsequent interim period through June 17, 2024 , there were: (i) no disagreements between the Company and Grant Thornton, as defined in Item 304(a)(1)(iv) of Regulation S-K, regarding any matter of accounting principles or practices, financial statement disclosure, or audit scope or procedure, any of which, if not resolved to Grant Thornton's satisfaction, would have caused Grant Thornton to make reference to the subject matter of the disagreement in its reports; and (ii) no reportable events within the meaning of Item 304(a)(
Financial Statements and Exhibits
Financial Statements and Exhibits (d) Exhibits. The following exhibits are filed or furnished herewith: Exhibit Number 16.1 Letter from Grant Thornton LLP dated June 20, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. PERMA-PIPE INTERNATIONAL HOLDINGS, INC. June 20, 2024 By: /s/ Matthew E. Lewicki Matthew E. Lewicki Vice President and Chief Financial Officer