Summary
This 8-K filing by the Tyco International (US) Inc. Retirement Savings and Investment Plan III (the "Plan") on April 20, 2004, primarily concerns a change in the Plan's independent accountants. The Plan has dismissed PricewaterhouseCoopers LLP and engaged Mitchell & Titus LLP, effective April 19, 2004. This change in auditors is a procedural matter and does not appear to involve any disagreements with the former auditors regarding accounting principles or financial reporting. The filing includes confirmation that there were no reportable disagreements or events that would have required PricewaterhouseCoopers LLP to qualify their audit reports for the years 2001 and 2002.
Key Highlights
- 1Change of Independent Accountants: The Retirement Savings and Investment Plan III has changed its independent auditor from PricewaterhouseCoopers LLP to Mitchell & Titus LLP.
- 2Effective Date: The change in accountants is effective as of April 19, 2004.
- 3No Disagreements Reported: The filing states there were no disagreements with PricewaterhouseCoopers LLP on any accounting principles, practices, financial statement disclosures, or auditing procedures during the relevant periods (2001-2002 through April 19, 2004).
- 4No Reportable Events: There were no 'reportable events' as defined by SEC regulations that would indicate issues with the previous auditor.
- 5PwC Letter Attached: PricewaterhouseCoopers LLP has provided a letter to the SEC confirming agreement with the statements made in the filing.
- 6No Prior Consultation with New Auditor: The Plan had not consulted with Mitchell & Titus LLP on accounting matters prior to their engagement.