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please if possible i need outlines for case study of auditor changes at daily journal corporations. thank you.

Auditor Changes at Daily Journal Corporation Charlie Munger is vice chairman of Berkshire Hathaway Inc. and is informally known as War ren Buffett's "right arm. Munger also serves as chairman of Daily Journal Corporation, which publishes 10 newspapers and offers specialired information services and technology-based prod- ucts. While often mentioned in the media because of his association with Buffett and long tenure and leadership at Berkshire Hathaway, Munger was recently in the news for another reason: his penchant to change auditors at Daily Journal. REPORTING DELAYS On December 16, 2013, Daily Journal informed the Securities and Exchange Commission (SEC that it would not meet the filing deadline for its 2013 Form 10-k. (Daily Journal has a September 30 (EY) had not completed its audit of the financial statements or internal control over financial reporting. Subsequently, Daily Journal informed the SEC that it would also miss the filing dead- line for its December 31, 2013 and March 31, 2014 Forms 10-0 Once again, the reason stipu- lated in the filings was additional time required by EY to complete its audit and assessment internal control over financial reporting. (While EY had audited Daily Journal's financial state- ments since 2000, 2013 was the first year EY reported on Daily Journal's internal control ov year-end.) The reason stated in its Form ,2b-25 filing was that Daily Journal's audit financial reporting.) DISMISSAL OF EY On June 24, 2014, Daily Journal filed its 2013 Form 10-K (almost seven months after the filing deadline), in which EY issued an unqualified opinion on the financial statements but an advere opinion on Daily Journal's internal control over financial reporting. Two days later, Daily J nal reported that its audit committee approved the dismissal of EY, effective June 24, 2014. An excerpt from Daily Journal's Form 8-K filing is shown here? The Audit Committoe of the Bourd of Directors of Daily Journal Corporation (the "Company approved the dismissal of Ernst&Young LLP C"EY) as the Company's independent reg istered public accounting firm, effective June 24, 2014 The reports of EY on the Company's financial statements for the past two fiscal years con- tained no adverse opinion or disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope or accounting principles. During the Company's two most recent fiscal years and the subsequent interim period there have been no disagreements with EY on any matter of accounting principles or prac- tices, financial statement disclosure, or auditing scope or procedure, which disagreements) if not resolved to the satisfaction of EY would have caused EY to make reference to the subject matter of such disagreements) in its report on the Company's financial statement During the Company's two most recent fiscal years and the subsequent interim period there have been no reportable events of the kinds described in ltem 304(a)X IXv) of Regula- tion S-K under the Securities Exchange Act of 1934, except that EY expressed an adverse opinion in its report on the Company's internal control over financial reporting as of September 30, 2013 (emphasis added)..The Audit Commitee of the Company's of Directors has discussed this matter with EY and has authorized EY to inquiries of the Company's successor independent registered public accounting firm respond fully to the The Company requested and has reccived a letter from EY addressed to the Securities and Exchange Commission stating whether or not EY agrees with the statements in this Iiem 4.01. A copy of the letter, dated June 26, 2014, is filed as Exhibit 16.1 to this Form 8-K

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