8-KFinancial EventsExhibits & Filings

COMCAST CORP 8-K Report, Auditor Change (Mar 22, 2010)

Filed March 22, 2010For Securities:CMCSACCZ

Summary

This 8-K filing from Comcast Corporation primarily concerns changes in the independent registered public accounting firms for its retirement and 401(k) plans. On March 16, 2010, Mitchell & Titus, LLP resigned as the auditor for the Comcast Corporation Retirement – Investment Plan and the Comcast Spectacor 401(k) Plan due to the firm's anticipated hiring of a former Comcast employee, which would impair their independence under SEC rules. The filing indicates there were no disagreements or reportable events with Mitchell & Titus, LLP during their tenure. Subsequently, on March 22, 2010, Comcast appointed Deloitte & Touche LLP as the new independent auditor for these plans for the year ended December 31, 2009.

Key Highlights

  • 1Comcast Corporation announced a change in its independent auditors for its employee retirement plans.
  • 2Mitchell & Titus, LLP resigned as the auditor for the Comcast Corporation Retirement – Investment Plan and the Comcast Spectacor 401(k) Plan.
  • 3The resignation was due to Mitchell & Titus, LLP hiring a former Comcast employee, creating an independence issue under SEC regulations.
  • 4No disagreements or reportable events were noted with the outgoing auditor, Mitchell & Titus, LLP.
  • 5Deloitte & Touche LLP has been appointed as the new independent registered public accounting firm for the plans.
  • 6The appointment of Deloitte & Touche LLP is effective for the year ended December 31, 2009.
  • 7The filing addresses Item 4.01 of Form 8-K concerning changes in registrant's certifying accountant for the plans.

Frequently Asked Questions

Comcast changed auditors because the previous firm, Mitchell & Titus, LLP, resigned due to their upcoming hiring of a former Comcast employee. This would have violated SEC rules regarding auditor independence.

No, the filing explicitly states that there were no disagreements with Mitchell & Titus, LLP on any matters of accounting principles, practices, financial statement disclosure, or auditing scope or procedure.

Deloitte & Touche LLP has been appointed as the new independent registered public accounting firm for the Comcast Corporation Retirement – Investment Plan and the Comcast Spectacor 401(k) Plan.

Deloitte & Touche LLP has been appointed as the independent auditor for the plans for the year ended December 31, 2009.