Acorn International (ATV) Names Grant Thornton as Independent Auditor

October 21, 2016 6:39 AM EDT
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Acorn International, Inc. (NYSE: ATV) announced the appointment of Grant Thornton CPA LLP ("Grant Thornton") as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2016.

Grant Thornton replaces Deloitte Touche Tohmatsu CPA LLP ("DTT"), previously the independent auditor for Acorn. The appointment of Grant Thornton has been approved by the Audit Committee and the Board of Directors of the Company.

The decision to change auditors was not the result of any disagreement between the Company and DTT on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure. The appointment of Grant Thornton will allow the Company to maintain a top quality auditor while achieving its objective of reducing costs. Acorn would like to take this opportunity to express its sincere gratitude to the DTT team for their services rendered to the Company over the past years.

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