Item 4.01 Changes in Registrant's Certifying Accountant.
(a) Following a competitive selection process where the Audit Committee (the
"Committee") of the Board of Directors of OSI Systems, Inc. (the "Company")
invited several public accounting firms to participate, including Moss Adams LLP
("Moss Adams"), the Company's current independent registered public accounting
firm, on January 25, 2023, the Committee approved the appointment of Grant
Thornton LLP ("Grant Thornton") as the Company's independent registered public
accounting firm for the fiscal year ending June 30, 2023. This action will
replace Moss Adams as the Company's independent registered public accounting
firm effective upon the date of the filing of the Company's Form 10-Q for the
period ended December 31, 2022.
The reports of Moss Adams on the Company's consolidated financial statements for
the fiscal years ended June 30, 2021 and 2022 did not contain an adverse opinion
or disclaimer of opinion and were not qualified or modified as to uncertainty,
audit scope or accounting principles. In connection with the audits of the
Company's consolidated financial statements for the fiscal years ended June 30,
2021 and 2022, and in the subsequent interim period through January 25, 2023,
there were no disagreements with Moss Adams on any matters of accounting
principles or practices, financial statement disclosure or auditing scope and
procedures which, if not resolved to the satisfaction of Moss Adams, would have
caused Moss Adams to make reference to the matter in their report. There were no
reportable events (as that term is described in Item 304(a)(1)(v) of Regulation
S-K) during the two fiscal years ended June 30, 2021 and 2022, or in the
subsequent period through January 25, 2023.
The Company has provided a copy of the foregoing disclosures to Moss Adams and
requested that Moss Adams furnish it with a letter addressed to the Securities
and Exchange Commission stating whether Moss Adams agrees with the above
statements. A copy of Moss Adams's letter, dated January 27, 2023, is filed as
Exhibit 16.1 to this Form 8-K.
(b) During the two most recent fiscal years and in the subsequent interim period
through January 25, 2023, the Company has not consulted with Grant Thornton with
respect to the application of accounting principles to a specified transaction,
either completed or proposed, or the type of audit opinion that would have been
rendered on the Company's consolidated financial statements, or any other
matters set forth in Item 304(a)(2)(i) or (ii) of Regulation S-K.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
16.1 Letter from Moss Adams LLP to the Securities and Exchange
Commission dated January 27, 2023
104 Cover Page Interactive Data File (embedded within the Inline XBRL
document)
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