8-KOther Events

DANAHER CORP /DE/ 8-K Report (May 29, 2002)

Filed May 29, 2002For Securities:DHR

Summary

Danaher Corporation (DHR) announced a significant change in its auditing firm through a Form 8-K filing dated May 28, 2002. The company has dismissed Arthur Andersen LLP as its independent accountant and has appointed Ernst & Young LLP to replace them, effective immediately. This decision was formally recommended by Danaher's Audit Committee and subsequently approved by the Board of Directors, indicating a strategic move in the company's financial oversight. Importantly, the filing specifies that Arthur Andersen's reports for the past two fiscal years contained no adverse opinions, disclaimers, or qualifications. Furthermore, there were no reportable disagreements or unresolved issues with Arthur Andersen concerning accounting principles, financial disclosures, or auditing procedures during the specified periods. Danaher also stated that they did not consult with Ernst & Young on any matters prior to their appointment. This transition occurs in a period of scrutiny for Arthur Andersen, making the change particularly noteworthy for investors.

Key Highlights

  • 1Danaher Corporation (DHR) has changed its independent accountant.
  • 2Arthur Andersen LLP has been dismissed as the company's auditor.
  • 3Ernst & Young LLP has been engaged as the new independent accountant.
  • 4The change in auditors is effective as of May 28, 2002.
  • 5The decision was recommended by the Audit Committee and approved by the Board of Directors.
  • 6No adverse opinions, disclaimers, or qualifications were noted in Arthur Andersen's past reports.
  • 7No reportable disagreements with Arthur Andersen have been disclosed.

Frequently Asked Questions

Danaher Corporation dismissed Arthur Andersen LLP and appointed Ernst & Young LLP as its new independent accountant. This decision was recommended by the company's Audit Committee and approved by its Board of Directors.

No, the filing explicitly states that there were no disagreements with Arthur Andersen on any matters of accounting principles, practices, financial statement disclosure, or auditing scope or procedure during the Company's two most recent fiscal years and the subsequent interim period.

Arthur Andersen's reports on Danaher's financial statements for the past two fiscal years did not contain any adverse opinions, disclaimers of opinion, nor were they qualified or modified as to uncertainty, audit scope, or accounting principles.

No, the company stated that they did not consult with Ernst & Young LLP regarding any matters described in Item 304(a)(2)(i) or (ii) of Regulation S-K during the specified periods prior to their engagement.