Summary
The Hartford Financial Services Group, Inc. (HIG) filed an 8-K on April 23, 2002, to announce a significant change in its independent auditors. The Board of Directors has officially engaged Deloitte & Touche LLP as the Company's auditors for the fiscal year 2002, effective April 18, 2002. This change represents a strategic decision by the company to bring in a new auditing firm for the upcoming fiscal year. Deloitte & Touche LLP is scheduled to begin its audit with a review of The Hartford's financial statements for the second quarter of 2002. While the filing does not provide details on the reasons for the auditor change, it is a common occurrence for companies to rotate auditing firms. Investors should monitor future filings for any implications this change might have on financial reporting or internal controls.
Key Highlights
- 1The Hartford Financial Services Group, Inc. has appointed Deloitte & Touche LLP as its new independent auditor for fiscal year 2002.
- 2The change in auditors was approved by the Board of Directors on April 18, 2002.
- 3Deloitte & Touche LLP's engagement will commence with the review of the Company's second quarter 2002 financial statements.
- 4The 8-K filing explicitly states the engagement of Deloitte & Touche LLP as the certifying accountant.
- 5The filing does not disclose specific reasons for the change in independent auditors.
- 6A press release dated April 18, 2002, is filed as an exhibit (Exhibit 99.1) to this report.