Item 4.01. Changes in Registrant's Certifying Accountant.
(a) Dismissal of independent registered public accounting firm
On June 25, 2020 the Board of Directors (the "Board") of Credit Suisse Asset
Management Income Fund, Inc. (the "Fund"), approved the dismissal of KPMG LLP
("KPMG") as the independent registered public accounting firm for the Fund. The
Board's decision to approve the dismissal of KPMG was recommended by the Audit
Committee of the Board.
The reports of KPMG on the Fund's financial statements as of and for the two
most recent fiscal years (ended December 31, 2019 and December 31, 2018) did not
contain an adverse opinion or a disclaimer of opinion, and were not qualified or
modified as to uncertainties, audit scope or accounting principles.
During the Fund's two most recent fiscal years (ended December 31, 2019 and
December 31, 2018) and during the period from the end of the most recently
completed fiscal year through June 25, 2020, there were no disagreements between
the Fund and KPMG on any matter of accounting principles or practices, financial
statement disclosure or auditing scope or procedure, which disagreements, if not
resolved to the satisfaction of KPMG, would have caused them to make reference
to the subject matter of the disagreements in their report on the financial
statements of the Fund for such periods.
During the Fund's two most recent fiscal years (ended December 31, 2019 and
December 31, 2018) and during the period from the end of the most recently
completed fiscal year through June 25, 2020, there were no "reportable events"
(as defined in Item 304(a)(1)(v) of Regulation S-K under the Securities Exchange
Act of 1934, as amended (the "Exchange Act")).
The Fund has provided KPMG with a copy of the foregoing disclosures and has
requested that KPMG furnish it with a letter addressed to the Securities and
Exchange Commission stating whether it agrees with the statements made by the
Fund set forth above. A copy of KPMG's letter dated June 26, 2020 is filed as
Exhibit 16.1 to this Form 8-K.
(b) Engagement of new independent registered public accounting firm
Upon the recommendation of the Audit Committee, the Board approved the
engagement of PricewaterhouseCoopers LLP ("PwC") as the independent registered
public accounting firm for the Fund for the fiscal year ending December 31,
2020. During the Fund's two most recent fiscal years (ended December 31, 2019
and December 31, 2018) and during the period from the end of the most recently
completed fiscal year through the date of this Form 8-K, neither the Fund, nor
anyone on its behalf consulted with PwC, on behalf of the Fund, regarding the
application of accounting principles to a specified transaction (either
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completed or proposed), the type of audit opinion that might be rendered on the
Fund's financial statements, or any matter that was either the subject of a
"disagreement," as defined in Item 304(a)(1)(iv) of Regulation S-K under the
Exchange Act and the instructions thereto, or a "reportable event," as defined
in Item 304(a)(1)(v) of Regulation S-K under the Exchange Act.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit
No. Description
16.1 Letter dated June 26, 2020 from KPMG LLP to the Securities and
Exchange Commission confirming the disclosures contained in Item 4.01
of this report on Form 8-K.
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