Summary
EOG Resources, Inc. (EOG) has announced a significant change in its independent auditor. Effective upon the completion of its audit for the fiscal year ended December 31, 2001, the company is dismissing Arthur Andersen LLP as its independent accountant. Concurrently, Deloitte & Touche LLP has been appointed as the new independent accountant for the fiscal year ending December 31, 2002. This auditor change was recommended by the Audit Committee and approved by the Board of Directors. Importantly, the filing states there were no disagreements with Arthur Andersen regarding accounting principles, financial statement disclosures, or auditing procedures during the relevant periods. Arthur Andersen's previous audit reports for the years ended December 31, 2000, and December 31, 2001, were unqualified.
Key Highlights
- 1EOG Resources, Inc. is changing its independent auditor from Arthur Andersen LLP to Deloitte & Touche LLP.
- 2The change is effective after the completion of the 2001 audit by Arthur Andersen.
- 3Deloitte & Touche LLP will serve as the independent accountant for the fiscal year ending December 31, 2002.
- 4The decision to change auditors was recommended by the Audit Committee and approved by the Board of Directors.
- 5There were no disagreements between EOG Resources and Arthur Andersen on any accounting or auditing matters.
- 6Arthur Andersen's audit reports for the fiscal years 2000 and 2001 were unqualified.