Item 4.01. Changes in Registrant’s Certifying Accountant.
(a)Resignation of independent registered public accounting firm
On January 4, 2018, PricewaterhouseCoopers LLP (“PwC”) resigned as the independent registered public accounting firm of Oaktree Specialty Lending Corporation (the “Company”), and the Audit Committee (the “Audit Committee”) of the Board of Directors of the Company accepted the resignation of PwC effective as of that date.
The audit reports of PwC on the Company’s consolidated financial statements as of and for the fiscal years ended September 30, 2017 and 2016 did not contain an adverse opinion or a disclaimer of opinion, and they were not qualified or modified as to uncertainty, audit scope or accounting principles.
During the fiscal years ended September 30, 2017 and 2016 and through January 4, 2018, there were no disagreements with PwC on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedures which, if not resolved to the satisfaction of PwC, would have caused PwC to make reference to the subject matter of the disagreements in connection with its audit report, and, except as set forth in the following sentence, there were no “reportable events” as that term is defined in Item 304(a)(1)(v) of RegulationS-K. As previously disclosed in the Company’s Annual Reports on Form10-K for the fiscal years ended September 30, 2017 and 2016, the Company had a material weakness in internal control over financial reporting because it did not design or maintain effective controls to internally communicate current accounting policies and procedures, including the nature of supporting documentation required to validate certain portfolio company data. The Audit Committee discussed the material weakness with PwC and the Company has authorized PwC to respond fully to inquiries of the successor independent registered public accounting firm concerning this matter.
The Company has provided PwC with a copy of the foregoing disclosures and has requested that PwC furnish the Company with a letter addressed to the Securities and Exchange Commission stating whether PwC agrees with the above statements. A copy of PwC’s letter dated January 8, 2018 is filed as Exhibit 16.1 to this Form8-K.
(b)Engagement of new independent registered public accounting firm
Effective January 4, 2018, the Audit Committee engaged Ernst & Young LLP (“EY”) to serve as the Company’s independent registered public accounting firm.
During the fiscal years ended September 30, 2017 and 2016 and through January 4, 2018, neither the Company nor anyone on its behalf consulted with EY regarding: (i) the application of accounting principles to a specified transaction, either completed or proposed, or the type of audit opinion that might be rendered on the Company’s financial statements or (ii) any matter that was either the subject of a “disagreement” (as defined in Item 304(a)(1)(iv) of RegulationS-K) or a “reportable event” (as defined in Item 304(a)(1)(v) ofRegulation S-K).
Item 9.01. Financial Statements and Exhibits
(d) Exhibits.
