Summary
This Form 8-K filing by Newmont Mining Corporation reports a significant change in its independent auditor. The company's Audit Committee has decided to dismiss PricewaterhouseCoopers LLP (PwC), who has served for over ten years, and appoint Ernst & Young LLP (EY) as its new independent registered public accounting firm. This decision follows a competitive review process and is effective for the fiscal year ending December 31, 2015. The company states that the transition is part of its commitment to sound corporate governance and auditor rotation. Importantly, Newmont disclosed that there were no disagreements or reportable events with PwC during the past two fiscal years and the subsequent interim period, indicating a smooth professional parting. PwC's engagement will conclude with services for the fiscal year ending December 31, 2014.
Key Highlights
- 1Newmont Mining Corporation is changing its independent registered public accounting firm.
- 2Ernst & Young LLP (EY) will replace PricewaterhouseCoopers LLP (PwC) as the company's auditor.
- 3The change is effective for the fiscal year ending December 31, 2015.
- 4PwC has served as Newmont's auditor for over ten years.
- 5The decision to change auditors followed a competitive review process by the Audit Committee.
- 6There were no disagreements or reportable events between Newmont and PwC during recent fiscal periods.
- 7PwC will continue to serve through the fiscal year ending December 31, 2014.