Summary
This Form 8-K filing by Ford Motor Company (F) reports a change in the independent accountant for its Tax-Efficient Savings Plan for Hourly Employees. Effective March 8, 2006, Plante & Moran, PLLC has been engaged to audit the Plan's financial statements, replacing PricewaterhouseCoopers LLP (PwC). This change specifically pertains to the hourly employees' savings plan and does not impact PwC's role as the auditor for Ford Motor Company or Ford Motor Credit Company. Investors should note that this is a routine administrative change for a specific employee benefit plan. The filing includes assurances that there were no disagreements with the outgoing auditor, PwC, regarding accounting principles or financial disclosures for the Plan. PwC has provided a letter to the SEC concurring with the statements made in this report.
Key Highlights
- 1Ford Motor Company's Tax-Efficient Savings Plan for Hourly Employees has a new independent auditor: Plante & Moran, PLLC.
- 2PricewaterhouseCoopers LLP (PwC) was dismissed as the Plan's auditor effective March 8, 2006.
- 3Plante & Moran will audit the Plan's financial statements for the year ended December 31, 2005, and the one-day period ended December 31, 2004.
- 4The decision to change auditors was approved by the Audit Committee of Ford Motor Company's Board of Directors.
- 5This change is limited to the employee savings plan and does not affect PwC's audit of Ford Motor Company or Ford Motor Credit Company.
- 6There were no disagreements with PwC regarding accounting principles, financial disclosures, or auditing procedures for the Plan.
- 7PwC has issued a letter to the SEC concurring with the information provided in this filing.