8-K/AFinancial EventsExhibits & Filings

DTE ENERGY CO 8-K/A Report, Auditor Change (Mar 5, 2009)

Filed March 5, 2009For Securities:DTEDTKDTBDTGDTW

Summary

This Form 8-K/A filing by DTE Energy Company (DTE) and its subsidiary The Detroit Edison Company serves as an amendment to a prior report, primarily to confirm the completion of audit services by Deloitte & Touche LLP for the fiscal year ended December 31, 2008. The filing clarifies that while Deloitte was dismissed in September 2008, their services for the 2008 audit were completed on February 27, 2009. This is a routine procedural update following a change in auditing firms. Investors should note that this report is largely informational and confirms the finalization of the previous auditor's work. The company had already disclosed in October 2008 its engagement of PricewaterhouseCoopers LLP as its independent registered public accounting firm for the fiscal year ending December 31, 2009. There were no reported disagreements or reportable events with Deloitte during the period in question, indicating a smooth transition.

Key Highlights

  • 1DTE Energy and Detroit Edison have completed their 2008 fiscal year audit with Deloitte & Touche LLP.
  • 2Deloitte's audit services for the fiscal year ended December 31, 2008, were completed on February 27, 2009.
  • 3The company had previously announced the engagement of PricewaterhouseCoopers LLP as its new independent auditor for the fiscal year ending December 31, 2009.
  • 4The change in auditors was a result of a competitive proposal process.
  • 5There were no disagreements with Deloitte on any accounting principles, financial statement disclosures, or auditing procedures during the relevant periods.
  • 6No 'reportable events' as defined by Regulation S-K were disclosed regarding the relationship with Deloitte.

Frequently Asked Questions

The primary purpose of this filing is to confirm that Deloitte & Touche LLP has completed its audit services for DTE Energy and Detroit Edison for the fiscal year ended December 31, 2008. It also serves as an amendment to a previous report and clarifies the timeline of the auditor change.

Yes, DTE Energy and Detroit Edison dismissed Deloitte & Touche LLP as their independent registered public accounting firm on September 25, 2008. PricewaterhouseCoopers LLP has been engaged as the new independent auditor beginning with the fiscal year ending December 31, 2009.

No, the filing explicitly states that there were no disagreements with Deloitte on any matters of accounting principles, practices, financial statement disclosure, or auditing scope or procedure. Furthermore, there were no 'reportable events' disclosed concerning Deloitte during the two most recent fiscal years or the interim period leading up to the auditor's completion of services.

Deloitte's audit services for the fiscal year ended December 31, 2008, were completed on February 27, 2009, which is when their role concluded.