When will the new auditor, Deloitte & Touche LLP, officially begin?

Deloitte & Touche LLP will officially be appointed as the company's independent accountants effective upon the filing of Johnson Controls' Form 10-Q for the quarter ending December 31, 2003. Shareholders will be asked to formally appoint them as auditors for fiscal year 2004 at the annual general meeting on March 25, 2004.

Were there any issues or disagreements with the outgoing auditor, PricewaterhouseCoopers LLP?

No, the filing explicitly states that there were no disagreements with PricewaterhouseCoopers LLP on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedures. There were also no reportable events as defined by SEC regulations.

Will PricewaterhouseCoopers LLP still be involved with Johnson Controls?

Yes, PricewaterhouseCoopers LLP will continue to perform the review of the company's interim financial statements for the quarter ending December 31, 2003. Additionally, the company intends to retain them for certain non-audit services during the fiscal year ending September 30, 2004.

JCI 8-K SEC Disclosure — Jan 23, 2004

Q: Why is Johnson Controls changing its independent auditor?

The company's Board of Directors, based on the recommendation of its Audit Committee, has decided to propose Deloitte & Touche LLP as the independent auditor for fiscal year 2004, replacing PricewaterhouseCoopers LLP.

Summary

This 8-K filing from Johnson Controls International plc (JCI), filed on January 22, 2004, announces a significant change in its independent auditors. The company's Board of Directors, on the recommendation of its Audit Committee, has decided to propose Deloitte & Touche LLP as the independent auditor for fiscal year 2004, succeeding PricewaterhouseCoopers LLP. This change will become effective upon the filing of the company's Form 10-Q for the quarter ending December 31, 2003, with Deloitte & Touche LLP to be formally appointed by shareholders at the March 25, 2004 annual general meeting. Importantly, the filing states there were no disagreements with PricewaterhouseCoopers LLP regarding accounting principles, financial statement disclosures, or auditing procedures, nor were there any reportable events that would typically accompany such a auditor change. PricewaterhouseCoopers LLP will continue to provide interim financial statement review services for the December 31, 2003 quarter and has agreed to provide certain non-audit services for the fiscal year ending September 30, 2004. Investors should note this change in auditor as part of the company's corporate governance and financial reporting processes.

Key Highlights

1Johnson Controls International plc (JCI) is changing its independent auditors from PricewaterhouseCoopers LLP to Deloitte & Touche LLP for fiscal year 2004.
2The change was recommended by the Audit Committee and approved by the Board of Directors.
3Deloitte & Touche LLP's appointment will be effective upon the filing of the Form 10-Q for the quarter ending December 31, 2003.
4Shareholders will be asked to ratify the appointment of Deloitte & Touche LLP at the annual general meeting on March 25, 2004.
5PricewaterhouseCoopers LLP's resignation is effective upon the filing of the Form 10-Q for the quarter ending December 31, 2003.
6There were no disagreements with PricewaterhouseCoopers LLP on any accounting principles, financial statement disclosures, or auditing procedures.
7PricewaterhouseCoopers LLP will continue to provide interim financial statement review for Q4 2003 and certain non-audit services for FY 2004.

Johnson Controls International plc 8-K Report (Jan 23, 2004)

Summary

Key Highlights

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