What is the date mentioned in the Ledgers document related to Liberty Tax, Inc.?
Ledgers Franchise · 2025 FDDAnswer from 2025 FDD Document
h control of the Board. It
was alleged that Hewitt continued to interact with franchisees and area representatives for Liberty during the transition. The Audit Committee of the Board of Directors of Liberty oversaw the investigation of the allegations and the report prepared by the Audit Committee was not provided to Hewitt.
Description of KPMG's reasons for resigning as independent auditor: Liberty filed a Form 8-K on December 11, 2017 with the SEC to publicly disclose that KPMG's resignation was accepted and approved by the Audit Committee of the Board of Directors of Liberty. The 8-K contains a description of the reasons provided by KPMG for his resignation. A copy of the 8-k is attached and incorporated into this Addendum by reference.
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549
_____________________ FORM 8-K _____________________
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event Reported): December 11, 2017 (December 8, 2017)
LIBERTY TAX, INC.
Source: Item 22 — CONTRACTS (FDD page 46)
What This Means (2025 FDD)
According to Ledgers' 2025 Franchise Disclosure Document, December 11, 2017, is mentioned multiple times in relation to Liberty Tax, Inc. Specifically, Liberty Tax, Inc. filed a Form 8-K with the SEC on December 11, 2017, to publicly disclose that KPMG's resignation as their independent auditor was accepted and approved by the Audit Committee of the Board of Directors. A press release was also issued on the same day.
Furthermore, the document notes that on December 8, 2017, KPMG LLP resigned as the independent registered public accounting firm of Liberty Tax, Inc., which was accepted and approved by the Audit Committee of the Board of Directors. The company is in the process of finding a successor independent registered public accounting firm to complete the financial statements for the second quarter ended October 31, 2017.
This information is relevant to prospective Ledgers franchisees as it provides insight into the legal and financial history of Liberty Tax, Inc., which may be useful for understanding the business environment and potential risks associated with the company. The resignation of an independent auditor and the subsequent need to find a replacement can sometimes indicate underlying financial or accounting issues within a company, which could impact its stability and future performance.