Why is Honeywell changing its auditor?

Honeywell's Audit Committee conducted a comprehensive, competitive process to select an independent registered public accounting firm. This process led to the decision to engage Deloitte & Touche LLP for the fiscal year ending December 31, 2015, and consequently dismiss PricewaterhouseCoopers LLP.

When will the auditor change take effect?

The dismissal of PricewaterhouseCoopers LLP will become effective once PwC issues its audit reports for Honeywell's consolidated financial statements and internal control over financial reporting as of and for the year ended December 31, 2014.

Were there any issues or disagreements with the previous auditor, PwC?

No. The filing explicitly states that during the fiscal years ended December 31, 2013, and 2012, and the subsequent interim periods up to July 29, 2014, there were no disagreements on accounting principles, financial statement disclosures, or auditing procedures. Additionally, there were no 'reportable events' as defined by SEC regulations. PwC's prior audit reports were also unqualified.

Has Honeywell consulted with Deloitte & Touche LLP about any accounting matters before this engagement?

No, the filing indicates that Honeywell has not consulted with Deloitte & Touche LLP regarding any accounting principles, proposed transactions, or audit opinions during the specified periods. No advice was received from D&T that was considered a significant factor in any accounting or financial reporting decisions.

HON/HONIV 8-K: Financial Events

Summary

Honeywell International Inc. (HON) has filed an 8-K report to announce a significant change in its independent auditor. Effective upon the completion of their audit for the fiscal year ending December 31, 2014, Honeywell is dismissing PricewaterhouseCoopers LLP (PwC) and engaging Deloitte & Touche LLP (D&T) as its new independent registered public accounting firm for the fiscal year ending December 31, 2015. This change follows a comprehensive, competitive evaluation process conducted by Honeywell's Audit Committee. The company has stated that PwC's past audit reports for fiscal years 2013 and 2012 contained no adverse opinions, disclaimers, or qualifications. Furthermore, there were no disagreements or reportable events with PwC during the relevant periods that would necessitate further disclosure. The engagement with Deloitte & Touche LLP for the 2015 fiscal year was approved on July 29, 2014.

Key Highlights

1Change in independent registered public accounting firm.
2PricewaterhouseCoopers LLP (PwC) is being dismissed.
3Deloitte & Touche LLP (D&T) will be engaged as the new auditor for fiscal year 2015.
4The dismissal of PwC is effective after PwC completes its reports for the fiscal year ending December 31, 2014.
5The Audit Committee conducted a competitive process to select the new auditor.
6No disagreements or reportable events occurred with PwC during fiscal years 2013, 2012, and subsequent interim periods.
7PwC's prior audit reports for fiscal years 2013 and 2012 were unqualified.

HONEYWELL INTERNATIONAL INC 8-K Report, Auditor Change (Jul 30, 2014)

Summary

Key Highlights

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