Item 4.01. Changes in Registrant's Certifying Accountant.
The Audit Committee (the "Committee") of the Board of Directors of Visteon
Corporation (the "Company") recently conducted a competitive selection process
to determine the Company's independent registered public accounting firm for the
fiscal year ending December 31, 2022. The Committee invited several
international public accounting firms to participate in this process, including
Ernst & Young LLP ("Ernst & Young"), the Company's independent registered public
accounting firm for the fiscal year ended December 31, 2021. As a result of this
process, on September 15, 2021, the Committee approved the appointment of
Deloitte & Touche LLP as the Company's independent registered public accounting
firm for the fiscal year ending December 31, 2022, subject to completion of
Deloitte and Touche LLP's customary client acceptance and independence
procedures. Ernst & Young will continue as the Company's independent registered
public accounting firm for the fiscal year ended December 31, 2021.
The reports of Ernst & Young on the Company's consolidated financial statements
for the fiscal years ended December 31, 2019 and 2020 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
December 31, 2019 and 2020, and in the subsequent interim period through
September 15, 2021, there were no disagreements with Ernst & Young on any
matters of accounting principles or practices, financial statement disclosure or
auditing scope and procedures which, if not resolved to the satisfaction of
Ernst & Young, would have caused Ernst & Young 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 December
31, 2019 and 2020, or in the subsequent interim period through September 15,
2021.
The Company has provided a copy of the foregoing disclosures to Ernst & Young
and requested that Ernst & Young furnish it with a letter addressed to the
Securities and Exchange Commission stating whether Ernst & Young agrees with the
above statements. A copy of Ernst & Young's letter, dated September 21, 2021, is
filed as Exhibit 16.1 to this Form 8-K.
During the two most recent fiscal years and in the subsequent interim period
through September 15, 2021, the Company has not consulted with Deloitte & Touche
LLP 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.
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Item 9.01. Financial Statements and Exhibits.
Exhibit No. Description
Letter of Ernst & Young regarding change in the Company's independent
16.1 registered public accounting firm.
104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
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