Summary
This Form 8-K filing by The Hartford Investment and Savings Plan (the 'Plan') reports on significant changes in its independent auditors. Effective May 15, 2002, Arthur Andersen LLP was dismissed as the Plan's auditor, following its completion of the review of The Hartford Financial Services Group, Inc.'s first quarter 2002 financial statements. This action by the Plan's sponsor, The Hartford Financial Services Group, Inc., mirrors the dismissal of Arthur Andersen as the parent company's auditor on March 22, 2002. In parallel, Deloitte & Touche LLP has been appointed as the new independent auditors for The Hartford Financial Services Group, Inc., effective for the fiscal year 2002 and commencing with the review of the second quarter 2002 financial statements. Consequently, Deloitte & Touche LLP has also begun its engagement as the Plan's independent auditors, starting with the review of the Plan's financial statements for the fiscal year ended December 31, 2001. The filing notes that there were no disagreements with Arthur Andersen on accounting principles or disclosures during the relevant periods.
Key Highlights
- 1The Hartford Investment and Savings Plan has a new independent auditor, Deloitte & Touche LLP.
- 2Arthur Andersen LLP was dismissed as the Plan's independent auditor.
- 3The auditor change is directly related to The Hartford Financial Services Group, Inc.'s decision to dismiss Arthur Andersen.
- 4Deloitte & Touche LLP has commenced its engagement with the review of the Plan's fiscal year 2001 financial statements.
- 5The dismissal of Arthur Andersen was effective upon completion of its review of The Hartford's Q1 2002 financials.
- 6No disagreements on accounting principles or disclosures were reported between the Plan and Arthur Andersen.