Summary
This Form 8-K filing from Colgate-Palmolive Company (CL) relates specifically to changes in the independent public accountants for the Colgate-Palmolive Company Employees Savings and Investment Plan. The Employee Relations Committee decided to replace Arthur Andersen LLP with Mitchell & Titus, LLP as the Plan's accountants for the fiscal year ended December 31, 2001. This change comes after the parent company, Colgate-Palmolive Company, appointed PricewaterhouseCoopers LLP as its auditor for the fiscal year ending December 31, 2002. Investors should note that this filing pertains to the Savings and Investment Plan, not the consolidated financial statements of the parent company, although the timing suggests a broader shift in auditing firms. The report clarifies that there were no disagreements or reportable events with Arthur Andersen concerning the Plan's financial statements for the past two fiscal years. Arthur Andersen has provided a letter agreeing with the disclosures made in this filing.
Key Highlights
- 1The Colgate-Palmolive Company Employees Savings and Investment Plan has changed its independent public accountants.
- 2Arthur Andersen LLP has been replaced as the Plan's auditor.
- 3Mitchell & Titus, LLP has been appointed as the new independent public accountants for the Plan for the fiscal year ended December 31, 2001.
- 4This change follows the parent company's appointment of PricewaterhouseCoopers LLP as its auditor.
- 5There were no disagreements with Arthur Andersen on accounting principles, practices, or disclosures for the Plan's financial statements.
- 6No reportable events, as defined by Regulation S-K, occurred with Arthur Andersen.
- 7Arthur Andersen has provided a letter agreeing with the disclosures in this filing.