Summary
This Form 8-K/A filing by Johnson Controls International plc (JCI) serves as an amendment and provides updated information regarding the company's certifying accountant. Effective February 17, 2004, following the filing of the company's Form 10-Q for the quarter ended December 31, 2003, Deloitte & Touche LLP has been appointed as the company's independent accountants. This appointment replaces PricewaterhouseCoopers LLP, whose resignation became effective on the same date. The transition of auditors is a significant event for investors as it can impact the perception of financial reporting integrity and auditor oversight. The filing explicitly states there were no disagreements with PricewaterhouseCoopers LLP on any accounting principles or financial statement disclosures during the specified periods, which is a positive signal regarding the company's past financial reporting. Shareholders will be asked to ratify the appointment of Deloitte & Touche LLP at the upcoming annual general meeting on March 25, 2004.
Key Highlights
- 1Effective February 17, 2004, Deloitte & Touche LLP has been appointed as Johnson Controls International plc's independent accountants.
- 2PricewaterhouseCoopers LLP resigned as the company's independent auditors, with the resignation becoming effective on February 17, 2004.
- 3The change in auditors is tied to the filing of the company's Form 10-Q for the quarter ended December 31, 2003.
- 4The company's Board of Directors, upon recommendation from the Audit Committee, proposed Deloitte & Touche LLP.
- 5There were no disagreements with the outgoing auditor, PricewaterhouseCoopers LLP, on any accounting principles, practices, or financial statement disclosures.
- 6Shareholders will vote to appoint Deloitte & Touche LLP as the independent auditors for fiscal year 2004 at the annual general meeting on March 25, 2004.
- 7PricewaterhouseCoopers LLP will continue to provide certain non-audit services through September 30, 2004.