Summary
This 8-K filing from Newmont Mining Corporation reports a significant change in its independent auditor. The company's Board of Directors, based on the Audit Committee's recommendation, has approved the dismissal of Arthur Andersen LLP, effective May 23, 2002. Arthur Andersen had served as Newmont's auditor for the fiscal years ending December 31, 2001, and December 31, 2000. The filing explicitly states that there were no disagreements or reportable events with Arthur Andersen during their engagement that would necessitate their mention in audit reports. Concurrently, Newmont has appointed PricewaterhouseCoopers LLP as its new independent auditor for the fiscal year 2002, with their engagement commencing on the same date.
Key Highlights
- 1Newmont Mining Corporation has dismissed Arthur Andersen LLP as its independent auditor, effective May 23, 2002.
- 2Arthur Andersen had audited Newmont's financial statements for the fiscal years ended December 31, 2001, and December 31, 2000.
- 3No adverse opinions, disclaimers of opinion, or qualifications were noted in Arthur Andersen's reports for the past two fiscal years.
- 4There were no disagreements on accounting principles, financial statement disclosures, or auditing procedures with Arthur Andersen.
- 5No reportable events occurred during Arthur Andersen's term of engagement.
- 6PricewaterhouseCoopers LLP has been appointed as Newmont's new independent auditor for the fiscal year 2002.
- 7Newmont did not consult with PricewaterhouseCoopers LLP prior to their appointment regarding any matters outlined in Regulation S-K Item 304(a)(2)(i) or (ii).
Frequently Asked Questions
The filing states that the Board of Directors approved the dismissal of Arthur Andersen LLP. While the specific reasons for the dismissal are not detailed in this 8-K, the company asserts that there were no disagreements or reportable events that would have impacted Arthur Andersen's audit opinions. The change was made in conjunction with the appointment of PricewaterhouseCoopers LLP as the new auditor for fiscal year 2002.
No. The filing explicitly states that Arthur Andersen's reports did not contain adverse opinions, disclaimers of opinion, or qualifications. Furthermore, there were no disagreements on accounting principles, financial statement disclosure, or auditing procedures, nor were there any 'reportable events' as defined by SEC regulations.
The dismissal of Arthur Andersen LLP and the commencement of PricewaterhouseCoopers LLP's engagement both became effective on May 23, 2002.
This statement is part of the regulatory disclosure requirements when changing auditors. It confirms that Newmont did not seek advice from PricewaterhouseCoopers on accounting or auditing matters prior to their official engagement, which helps to ensure the independence and integrity of the auditor selection process.