MasTec Changes Auditors to BDO USA
Ticker: MTZ · Form: 8-K · Filed: 2024-03-08T00:00:00.000Z
Sentiment: neutral
Topics: auditor-change, accounting
Related Tickers: MTZ
TL;DR
MasTec swapped Deloitte for BDO as its auditor, effective March 5th.
AI Summary
On March 5, 2024, MasTec, Inc. announced a change in its certifying accountant. The company has dismissed Deloitte & Touche LLP as its independent registered public accounting firm and has appointed BDO USA, P.A. as its new principal accountant. This change is effective immediately.
Why It Matters
A change in auditors can sometimes signal underlying issues or a desire for a fresh perspective on financial reporting, which investors will monitor.
Risk Assessment
Risk Level: low — This filing pertains to a routine change of independent auditors, which is common and typically does not indicate significant financial distress.
Key Players & Entities
- MasTec, Inc. (company) — Registrant
- Deloitte & Touche LLP (company) — Former certifying accountant
- BDO USA, P.A. (company) — New certifying accountant
- March 5, 2024 (date) — Effective date of change
FAQ
Why did MasTec, Inc. change its certifying accountant?
The filing does not provide a specific reason for the change, only that Deloitte & Touche LLP was dismissed and BDO USA, P.A. was appointed.
When was the change in certifying accountant effective?
The change was effective as of March 5, 2024.
Who was MasTec's previous independent auditor?
MasTec's previous independent auditor was Deloitte & Touche LLP.
Who is MasTec's new independent auditor?
MasTec's new independent auditor is BDO USA, P.A.
Does this filing indicate any disagreements with the former auditor?
The filing states that there were no disagreements with Deloitte & Touche LLP on any matter of accounting principles or practices or financial statement disclosure.
Filing Stats: 1,006 words · 4 min read · ~3 pages · Grade level 13.8 · Accepted 2024-03-07 20:42:31
Key Financial Figures
- $0.10 — nge on which registered Common Stock, $0.10 Par Value MTZ New York Stock Exchan
Filing Documents
- d803245d8k.htm (8-K) — 30KB
- d803245dex161.htm (EX-16.1) — 2KB
- 0001193125-24-062573.txt ( ) — 153KB
- mtz-20240305.xsd (EX-101.SCH) — 3KB
- mtz-20240305_lab.xml (EX-101.LAB) — 18KB
- mtz-20240305_pre.xml (EX-101.PRE) — 11KB
- d803245d8k_htm.xml (XML) — 4KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description 16.1 Letter from BDO USA, P.C., dated March 7, 2024 104 The cover page of MasTec, Inc.'s Current Report on Form 8-K, formatted in Inline XBRL (included with the Exhibit 101 attachments). 3
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. MASTEC, INC. Date: March 8, 2024 By: /s/ Alberto de Cardenas Alberto de Cardenas Executive Vice President, General Counsel and Secretary 4