Search the web
Welcome, Guest
[Sign Out, My Account]

Quotes & Info
Enter Symbol(s):
e.g. YHOO, ^DJI
Symbol Lookup | Financial Search
UGHS > SEC Filings for UGHS > Form 8-K on 13-Mar-2013All Recent SEC Filings

Show all filings for UNIVERSITY GENERAL HEALTH SYSTEM, INC. | Request a Trial to NEW EDGAR Online Pro



Changes in Registrant's Certifying Accountant, Financial S

ITEM 4.01 Changes in Registrant's Certifying Accountant

(a) Dismissal of Independent Accountant Previously Engaged as Principal Accountant

As previously reported on Forms 8-K/A on June 14, 2011 and 10-K on April 16, 2012, UHY LLP ("UHY") audited the 2010 combined financial statements of University General Hospital, LP and University Hospital Systems, LLP (the "Partnerships"). The Partnerships were deemed the accounting acquirer for financial reporting purposes in connection with the Company's acquisition on March 28, 2011. At the direction of the Company's Board of Directors, the Company dismissed UHY as the Company's independent registered public accounting firm effective June 15, 2011. The Company did not communicate its intent to dismiss UHY prior to June 15, 2011.

During the years ended December 31, 2010 and December 31, 2009 and through the date of dismissal there were no (1) disagreements with UHY on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedures, which disagreements if not resolved to its satisfaction would have caused UHY to make reference in its reports on the Partnership's combined financial statements for such year to the subject matter of the disagreement, or (2) "reportable events," as such term is defined in Item 304(a)(1)(v) of Regulation S-K.

The audit reports of UHY on the combined financial statements of the Partnerships, as of and for the years ended December 31, 2010 and December 31, 2009, did not contain any adverse opinion or disclaimer of opinion, nor were they qualified or modified as to uncertainty, audit scope, or accounting principles. The audit report did, however, contain an explanatory paragraph indicating UHY was not engaged to audit the effects of the adjustments for the correction of certain errors and the reverse merger described in Note 2 to the combined financial statements.

The Company has provided UHY with a copy of the disclosures in this Form 8-K prior to the date that these disclosures were filed with the Securities and Exchange Commission (the "Commission"). The Company requested that UHY furnish to the Company a letter addressed to the Commission stating whether it agrees with the statements made by the Company in response to Item 304(a) of Regulation S-K and, if not, stating the respects in which it does not agree. A copy of UHY's letter, dated March 13, 2013, indicating that it is in agreement with such disclosures is attached as Exhibit 16.1 hereto.

(b) Engagement of New Independent Accountant as Principal Accountant.

Effective June 15, 2011, the Company's Board of Directors approved the engagement of Moss, Krusick & Associates ("MKA") as the Company's independent registered public accounting firm to audit the Company's consolidated financial statements for the year ending December 31, 2011. MKA had served as the Company's independent registered public accounting firm since March 9, 2011.

During the Company's two most recent fiscal years and the subsequent interim period preceding MKA's engagement, neither the Company nor anyone on behalf of the Company consulted with MKA regarding the application of accounting principles to any specific completed or contemplated transaction, or the type of audit opinion that might be rendered on the Company's financial statements, and MKA did not provide any written or oral advice that was an important factor considered by the Company in reaching a decision as to any accounting, auditing or financial reporting issue or any matter that was the subject of a "disagreement" or a "reportable event," as such terms are defined in Item 304(a)(1) of Regulation S-K.

Item 9.01 - Financial Statements and Exhibits


16.1          Letter to Securities and Exchange Commission from UHY LLP dated March
              13, 2013

  Add UGHS to Portfolio     Set Alert         Email to a Friend  
Get SEC Filings for Another Symbol: Symbol Lookup
Quotes & Info for UGHS - All Recent SEC Filings
Sign Up for a Free Trial to the NEW EDGAR Online Pro
Detailed SEC, Financial, Ownership and Offering Data on over 12,000 U.S. Public Companies.
Actionable and easy-to-use with searching, alerting, downloading and more.
Request a Trial      Sign Up Now

Copyright © 2014 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service
SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Neither Yahoo! nor any of independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. By accessing the Yahoo! site, you agree not to redistribute the information found therein.