Sigmatron International Inc – ‘10-Q’ for 1/31/08 – ‘EX-18.1’

On:  Wednesday, 3/12/08, at 3:54pm ET   ·   For:  1/31/08   ·   Accession #:  950137-8-3580   ·   File #:  0-23248

in

this entire Filing. an “Entity” Search.

Show

Documents searched

and

each “hit”. the 1st “hit”.

↓↑Hints

Quarterly Report   —   Form 10-Q
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        Quarterly Report                                      21    107K 
 2: EX-18.1     Letter of Preferability Regarding Change in            1      9K 
                          Goodwill Impairment Test Date Change                   
                          From Bdo Seidman, LLP                                  
 3: EX-31.1     Certification of Principal Executive Officer           2     10K 
                          Pursuant to Section 302                                
 4: EX-31.2     Certification of Principal Financial Officer           2     10K 
                          Pursuant to Section 302                                
 5: EX-32.1     Certification of Principal Executive Officer           1      7K 
                          Pursuant to Section 906                                
 6: EX-32.2     Certification of Principal Financial Officer           1      7K 
                          Pursuant to Section 906                                

EX-18.1   —   Letter of Preferability Regarding Change in Goodwill Impairment Test Date Change From Bdo Seidman, LLP

EX-18.1
TOC
↑Top
Previous
Next
↓Bottom
Just 1st
 
                                                                    EXHIBIT 18.1

March 10, 2008                                                                  

Mrs. Linda Blake, Chief Financial Officer                                       
Sigmatron International, Inc.                                                   
Elk Grove Village, Illinois 60007                                               

Dear Mrs. Blake:                                                                

As stated in Note E to the condensed financial statements of Sigmatron          
International, Inc., for the three and nine months ended January 31, 2008, the  
Company changed the date of their annual goodwill impairment test under         
Statement of Financial Accounting Standards No. 142 ("FAS 142"), Goodwill and   
Other Intangible Assets, from the last day of the fiscal year to the first day  
of the fourth fiscal quarter. According to management of the Company, the change
was preferable in the circumstances for the following reasons:                  

  (1)  The impairment test procedures may be carried out during the fourth
       quarter and up to the filing of the Company's Form 10-K, which will
       allow the Company additional time to complete the required analysis
under FAS 142.                                              

   (2)  The change will not delay, accelerate or avoid an impairment charge.

At your request, we have reviewed and discussed with you the circumstances and  
the business judgment and planning that formulated your basis to make this      
change in accounting principle.                                                 

It should be understood that criteria have not been established by the Financial
Accounting Standards Board for selecting from among the alternative accounting  
principles that exist in this area. Further, the American Institute of Certified
Public Accountants has not established the standards by which an auditor can    
evaluate the preferability of one accounting principle among a series of        
alternatives. However, for purposes of the Company's compliance with the        
requirements of the Securities and Exchange Commission, we are furnishing this  
letter.                                                                         

Based on our review and discussion, we concur with management's judgment that   
the newly adopted accounting principle described in Note E is preferable in the 
circumstances. In formulating this position, we are relying on management's     
business planning and judgment, which we do not find to be unreasonable. Because
we have not audited any financial statements of Sigmatron International, Inc. as
of any date or for any period subsequent to April 30, 2007, we express no       
opinion on the financial statements for the three and nine months ended January 
31, 2008.                                                                       

Very truly yours,                                                               

/s/ BDO Seidman, LLP                                                            

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-Q’ Filing		Date		Other Filings
Filed on:		3/12/08
		3/10/08
For Period End:		1/31/08		SC 13G/A
		4/30/07		10-K
				List all Filings