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| PGI > SEC Filings for PGI > Form 8-K on 23-Mar-2009 | All Recent SEC Filings |
23-Mar-2009
Changes in Registrant's Certifying Accountant, Financial Statement
(a) Premiere Global Services, Inc.'s management has completed a process it undertook to consider the selection of our independent registered public accounting firm for the audit of our consolidated financial statements for the year ending December 31, 2009.
On March 18, 2009, as approved by the audit committee of our board of directors, we informed our independent registered public accounting firm for the years ended December 31, 2008 and 2007, Deloitte & Touche LLP ("D&T"), that we had selected Ernst & Young LLP ("E&Y") to audit our 2009 consolidated financial statements and dismissed D&T. D&T's reports on the financial statements as of and for each of the fiscal years ended December 31, 2008 and 2007 did not contain an adverse opinion or disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope or accounting principles. The report for fiscal year ended December 31, 2007, however, included the following explanatory paragraphs:
"As described in Note 9 to the consolidated financial statements, the Company changed its method of accounting for share-based payments effective January 1, 2006, in accordance with the adoption of Financial Accounting Standards No. 123R, Share-Based Payment. Also, as described in Note 16 to the consolidated financial statements, the Company changed the manner in which it accounts for uncertain tax positions effective January 1, 2007, in accordance with the adoption of Statement of Financial Accounting Standards Interpretation No. 48, Accounting for Uncertainty in Income Taxes an interpretation of FASB Statement No. 109.
As described in Note 3 to the financial statements, the accompanying consolidated financial statements as of and for the period ended December 31, 2007 have been restated."
The report for fiscal year ended December 31, 2008, however, included the following explanatory paragraph:
"As described in Note 15 to the consolidated financial statements, the Company changed the manner in which it accounts for uncertain tax positions effective January 1, 2007, in accordance with the adoption of Statement of Financial Accounting Standards Interpretation No. 48, Accounting for Uncertainty in Income Taxes an interpretation of FASB Statement No. 109."
During the periods covered by such reports and during any subsequent period through March 18, 2009, there were no disagreements with D&T on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure, which disagreement(s), if not resolved to the satisfaction of D&T, would have caused it to make reference to the subject matter of the disagreement(s) in connection with its report. During the same periods, there were no reportable events as defined in Item 304(a)(1)(v) of Regulation S-K.
(b) As discussed above, on March 19, 2009, our audit committee engaged E&Y as our independent registered public accounting firm for the fiscal year ending December 31, 2009. During the fiscal years ended December 31, 2008 and 2007, and during any subsequent period through March 19, 2009, the date of engagement of E&Y, neither we, nor any person on our behalf, has consulted with E&Y regarding any matters or events set forth in Item 304(a)(2)(i) or (ii) of Regulation S-K.
(d) Exhibits
Exhibit No. Description of Exhibit
Exhibit 16.1 Letter of Deloitte & Touche LLP, dated March 20, 2009.
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