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

Quotes & Info
Enter Symbol(s):
e.g. YHOO, ^DJI
Symbol Lookup | Financial Search
OPY > SEC Filings for OPY > Form 8-K on 5-Apr-2013All Recent SEC Filings

Show all filings for OPPENHEIMER HOLDINGS INC | Request a Trial to NEW EDGAR Online Pro

Form 8-K for OPPENHEIMER HOLDINGS INC


5-Apr-2013

Changes in Registrant's Certifying Accountant, Financial Statements and


ITEM 4.01. Changes in Registrant's Certifying Accountant.

(a) On April 3, 2013, the Audit Committee of the Board of Directors of Oppenheimer Holdings Inc. (the "Company") approved the engagement of Deloitte & Touche LLP ("Deloitte") as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2013. The Audit Committee made its determination after completing a process it undertook to consider the selection of a public accounting firm for our 2013 audit. This process included consideration of several major public accounting firms, including PricewaterhouseCoopers ("PwC"), our former independent registered public accounting firm. In connection with the Audit Committee's approval to engage Deloitte, our Audit Committee dismissed PwC on April 3, 2013.

PwC's audit reports on the consolidated financial statements of the Company and subsidiaries for the fiscal years ended December 31, 2012 and 2011 did not contain an adverse opinion or a disclaimer of opinion, nor were they qualified or modified as to uncertainty, audit scope or accounting principles. The audit reports of PwC on the effectiveness of internal control over financial reporting as of December 31, 2012 and 2011 did not contain any adverse opinion or disclaimer of opinion, nor were they qualified or modified as to uncertainty, audit scope or accounting principles. During the fiscal years ended December 31, 2012 and 2011 and the subsequent interim period through April 3, 2013, we have not had any (1) disagreements with PwC on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedures, which disagreements, if not resolved to PwC's satisfaction, would have caused PwC to make reference to the subject matter of the disagreement in their reports on the financial statements for such years, or (2) reportable events as defined in Item 304(a)(1) (v) of Regulation S-K.

We provided PwC with a copy of this Current Report on Form 8-K and requested PwC to provide a letter addressed to the Securities and Exchange Commission (the "Commission") indicating whether it agrees with such disclosures and, if not, the respects in which it does not agree. A copy of PwC's letter is filed as Exhibit No. 16 to this Current Report on Form 8-K.

(b) As described above, on April 3, 2013, the Audit Committee of the Board of Directors of the Company approved the engagement of Deloitte as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2013.

We did not consult with Deloitte during our two most recent fiscal years or through April 3, 2013 regarding either (1) the application of accounting principles to a specified transaction, either completed or proposed, or the type of audit opinion that might be rendered on our consolidated financial statements; and no written report was provided to us or oral advice was provided that Deloitte concluded was an important factor considered by us in reaching a decision as to any accounting, auditing or financial reporting issue during such period; or (2) any matter that was either the subject of a disagreement or reportable event as defined in Item 304(a)(1)(iv) and (v) of Regulation S-K.


We provided Deloitte with a copy of this Current Report on Form 8-K and requested Deloitte to provide a letter addressed to the Commission containing any new information, clarification of the expression of our views, or the respects in which it does not agree with the statements made by us. Deloitte has advised us that it has reviewed the disclosures in this Current Report on Form 8-K and has no basis upon which to submit such a letter addressed to the Commission.

The stockholders of the Company entitled to vote at the Company's Annual Meeting of Stockholders to be held in May of this year will be asked to ratify the selection of Deloitte as the Company's auditors for fiscal year 2013.



ITEM 9.01. Financial Statements and Exhibits.

(d) Exhibits:

Exhibit
No.

16            Letter to the Securities and Exchange Commission from
              PricewaterhouseCoopers LLP, dated April 5, 2013.


  Add OPY to Portfolio     Set Alert         Email to a Friend  
Get SEC Filings for Another Symbol: Symbol Lookup
Quotes & Info for OPY - 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.