Emerson Radio Corp. Changes Independent Accountant

Ticker: MSN · Form: 8-K · Filed: 2024-05-09T00:00:00.000Z

Sentiment: neutral

Topics: auditor-change, accounting

TL;DR

Emerson Radio dumped BDO USA and hired EisnerAmper LLP as their new auditor.

AI Summary

Emerson Radio Corp. announced on May 3, 2024, a change in its certifying accountant. The company has dismissed BDO USA, P.A. as its independent registered public accounting firm and has appointed EisnerAmper LLP as its new principal accountant. This change was approved by the Audit Committee of the Board of Directors.

Why It Matters

A change in a company's auditor can sometimes signal underlying issues or a desire for a fresh perspective on financial reporting.

Risk Assessment

Risk Level: low — This filing reports a routine change in the company's independent auditor, which is common and typically not a significant risk event.

Key Players & Entities

FAQ

When was the decision to change the certifying accountant made?

The decision to dismiss BDO USA, P.A. and appoint EisnerAmper LLP was made on May 3, 2024.

Who was Emerson Radio Corp.'s previous certifying accountant?

Emerson Radio Corp.'s previous certifying accountant was BDO USA, P.A.

Who is Emerson Radio Corp.'s new certifying accountant?

Emerson Radio Corp. has appointed EisnerAmper LLP as its new principal accountant.

Did the Audit Committee approve the change in accountants?

Yes, the Audit Committee of the Board of Directors approved the change in certifying accountants.

Were there any disagreements with the former accountant that led to the change?

The filing states there were no disagreements with BDO USA, P.A. on any matter of accounting principles or financial statement disclosure.

Filing Stats: 561 words · 2 min read · ~2 pages · Grade level 12.6 · Accepted 2024-05-09 16:15:48

Filing Documents

01 Changes in Registrant ' s Certifying Accountant

Item 4.01 Changes in Registrant ' s Certifying Accountant. Engagement of New Independent Registered Public Accounting Firm On May 3, 2024, the Audit Committee of the Board of Directors of Emerson Radio Corp. (the "Company") approved the engagement of Grassi & Co., CPAs, P.C. ("Grassi") as the Company's independent registered public accounting firm for the fiscal year ending March 31, 2024 and Grassi was appointed as the Company's independent registered public accounting firm, effective May 3, 2024. During the Company's fiscal years ended March 31, 2024 and 2023, and the subsequent interim period through May 3, 2024, neither the Company nor anyone acting on its behalf consulted with Grassi regarding: (i) the application of accounting principles to a specified transaction, either completed or proposed, or the type of audit opinion that might be rendered on the Company's financial statements, and neither a written report nor oral advice was provided to the Company that Grassi concluded was an important factor considered by the Company in reaching a decision as to the accounting, auditing or financial reporting issue; or (ii) any matter that was either the subject of a "disagreement" within the meaning of Item 304(a)(1)(iv) of Regulation S-K and the related instructions to Item 304 or a "reportable event" within the meaning of Item 304(a)(1)(v) of Regulation S-K. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. EMERSON RADIO CORP. By: /s/ Christopher Ho Name: Christopher Ho Title: Chief Executive Officer Dated: May 9, 2024

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