Summary
This 8-K filing by McDonald's Ventures 401(k) Plan reports a change in the Plan's certifying accountant. Effective February 28, 2007, the Plan terminated its relationship with Ernst & Young LLP and appointed Crowe Chizek and Company LLC as its new auditor. This change was authorized by the Plan's Administrative Committee. Importantly, the filing explicitly states that this auditor change was not due to any dissatisfaction with Ernst & Young LLP's professional services. There were no disagreements on accounting principles, financial disclosures, or auditing procedures during the relevant periods. Furthermore, there was no consultation with the new auditor, Crowe Chizek and Company LLC, on any matters that would constitute a reportable event or significant accounting issue prior to their appointment. Investors can view this as a routine administrative change within the 401(k) plan's operations.
Key Highlights
- 1McDonald's Ventures 401(k) Plan changed its certifying accountant.
- 2Ernst & Young LLP was replaced by Crowe Chizek and Company LLC.
- 3The change in auditor was effective February 28, 2007.
- 4The decision to change auditors was made by the Plan's Administrative Committee.
- 5The filing states there was no dissatisfaction with Ernst & Young LLP's services.
- 6No disagreements on accounting principles or auditing procedures occurred with the former auditor.
- 7The new auditor (Crowe Chizek and Company LLC) was not consulted on any reportable disagreements or significant issues prior to appointment.