Summary
This 8-K filing from Corning Incorporated reports a significant change in the independent auditor for the Corning Incorporated Investment Plan. Effective April 20, 2005, the Plan's Benefits Committee dismissed PricewaterhouseCoopers LLP and appointed Insero, Kasperski, Ciaccia & Co., P.C. as the new auditor for the year ended December 31, 2004. The filing explicitly states that the dismissal of PricewaterhouseCoopers LLP was not due to any disagreements regarding accounting principles, financial statement disclosures, or auditing procedures. This is a positive indication for investors, suggesting a smooth transition and no underlying issues discovered by the previous auditor. The Plan's committee also confirmed they did not consult with the new auditor, Insero, Kasperski, Ciaccia & Co., P.C., on any contentious accounting matters prior to their appointment.
Key Highlights
- 1Corning Incorporated Investment Plan has changed its independent registered public accounting firm.
- 2PricewaterhouseCoopers LLP was dismissed as the Plan's auditor effective April 20, 2005.
- 3Insero, Kasperski, Ciaccia & Co., P.C. has been appointed as the new independent auditor for the Plan for the year ended December 31, 2004.
- 4There were no disagreements with PricewaterhouseCoopers LLP regarding accounting principles, financial disclosures, or auditing procedures.
- 5PricewaterhouseCoopers LLP's reports on the Plan's financial statements for 2003 and 2002 had no adverse opinions or qualifications.
- 6The Plan's Benefits Committee confirmed no prior consultations with the new auditor on significant accounting or auditing matters.
- 7Exhibit 16 includes a letter from PricewaterhouseCoopers LLP confirming their agreement with the statements made in the 8-K filing.