Summary
This 8-K filing pertains to the Bank of America 401(k) Plan for Legacy Fleet and primarily details changes in the plan's independent registered public accounting firms. Over a short period, the Plan changed its auditor three times, first dismissing PricewaterhouseCoopers LLP (PwC) and engaging UHY LLP, then subsequently dismissing UHY LLP and engaging Morris, Davis & Chan LLP (MDC). These changes were approved by the Audit Committee of Bank of America Corporation. Importantly, the filing states that there were no disagreements or reportable events with the former accounting firms, PwC and UHY, on any matters of accounting principles, financial statement disclosure, or auditing scope. The Plan also confirmed that it did not consult with UHY or MDC on specific accounting or auditing issues that would have been considered important in reaching a decision. The intent of this filing is to inform stakeholders about these auditor changes and to confirm the absence of any underlying accounting or auditing disputes.
Key Highlights
- 1The Bank of America 401(k) Plan for Legacy Fleet has changed its independent auditor multiple times within a short period.
- 2PricewaterhouseCoopers LLP (PwC) was dismissed on February 1, 2005.
- 3UHY LLP was engaged on April 1, 2005, and subsequently dismissed on November 21, 2005.
- 4Morris, Davis & Chan LLP (MDC) was engaged on December 5, 2005, to audit for the fiscal year ended December 31, 2005.
- 5All auditor changes were approved by the Audit Committee of Bank of America Corporation.
- 6The filing explicitly states there were no disagreements or reportable events with the former auditors (PwC and UHY).
- 7Letters from PwC and UHY confirming agreement with the statements in this filing are included as exhibits.