01—Abstract
Summary
Summary of the 8-K filed August 16, 2000. Cited figures are marked; the original filing is the authoritative source.
This 8-K filing from Ciena Corporation, dated August 15, 2000, primarily serves as a notification regarding a change in its principal accounting services.
Ciena has appointed Ernst & Young LLP as its new independent registered public accounting firm, replacing Deloitte & Touche LLP. This change is effective immediately and follows a decision made by Ciena's Audit Committee. The company states that there were no disagreements or reportable events with the former auditor that would have influenced Deloitte & Touche's auditing or financial reporting during the past two fiscal years or any interim period.
02—Key points
Key Highlights
- Ciena Corporation has appointed Ernst & Young LLP as its new independent registered public accounting firm.
- This appointment is effective as of the date of the report, August 15, 2000.
- The change in auditors replaces Deloitte & Touche LLP.
- The decision was made by Ciena's Audit Committee.
- Ciena confirms there were no disagreements with Deloitte & Touche LLP during the past two fiscal years or any interim period that would have prompted this change.
- No adverse opinions or disclaimer of opinions were issued by Deloitte & Touche LLP regarding Ciena's financial statements.
- There were no disagreements or reportable events concerning the accounting principles or practices or financial statement disclosures between Ciena and Deloitte & Touche LLP.
03—Questions
Frequently Asked Questions
Why is Ciena changing its independent auditor?
Ciena is changing its independent auditor from Deloitte & Touche LLP to Ernst & Young LLP based on a decision by its Audit Committee. The filing explicitly states there were no disagreements or reportable events with the former auditor that would have influenced their reports.
When does the change in auditors take effect?
The change in independent registered public accounting firm is effective immediately as of August 15, 2000.
Were there any issues or disagreements with the previous auditor, Deloitte & Touche LLP?
No, Ciena states in the filing that there were no disagreements or reportable events with Deloitte & Touche LLP concerning accounting principles, practices, or financial statement disclosures during the past two fiscal years or any interim period.
Will this change impact Ciena's financial reporting or operations?
While a change in auditor can sometimes lead to a review of financial reporting, the filing suggests a smooth transition. The absence of reported disagreements with the former auditor implies that the change is not due to any significant accounting disputes. Investors should monitor future financial reports for any potential insights gained from the new auditor, Ernst & Young LLP.
04—Continue