What is the main purpose of this 8-K/A filing?

This amended 8-K filing provides updated information concerning the change of PNC's independent auditor. It confirms the completion of Deloitte & Touche LLP's audit for the 2006 fiscal year and the formal end of their engagement, following the prior announcement of PricewaterhouseCoopers LLP's appointment for the 2007 fiscal year.

Were there any issues or disagreements with the outgoing auditor, Deloitte & Touche LLP?

No, the filing explicitly states that during the years ended December 31, 2006 and 2005, and through March 1, 2007, there were no disagreements with Deloitte & Touche LLP on any accounting principles, financial statement disclosures, or auditing procedures. Furthermore, no reportable events occurred that would necessitate specific disclosures regarding auditor changes.

When did Deloitte & Touche LLP's role as PNC's auditor officially end?

Deloitte & Touche LLP's engagement as PNC's independent registered public accounting firm ceased effectively after March 1, 2007. This date corresponds with the completion of their audit procedures for the 2006 fiscal year and PNC's subsequent filing of its 2006 Annual Report on Form 10-K.

Has PNC consulted with the new auditor, PwC, about any previous accounting matters?

According to the filing, PNC did not consult with PricewaterhouseCoopers LLP regarding any matters or events specified in Regulation S-K Item 304(a)(2)(i) or (ii) during the periods of 2006, 2005, and up to March 1, 2007. This indicates a clean slate for the new auditor's engagement.

PNC 8-K: Financial Events

Summary

This amended 8-K filing from The PNC Financial Services Group, Inc. (PNC) provides updated information regarding the transition of their independent registered public accounting firm. The primary purpose of this amendment is to reflect the completion of Deloitte & Touche LLP's (D&T) audit procedures for the fiscal year ended December 31, 2006, and the subsequent cessation of D&T's engagement. As previously announced, PricewaterhouseCoopers LLP (PwC) was appointed as PNC's independent auditor for the fiscal year ending December 31, 2007. For investors, this filing confirms that D&T has finalized its work on PNC's 2006 financial statements and internal control assessments, and that the company has filed its 2006 Form 10-K. The report clarifies that there were no disagreements or reportable events with D&T during the period under review that would raise concerns about the integrity of prior audits. This transition is a routine procedural update and does not appear to signal any underlying issues with PNC's financial reporting.

Key Highlights

1PNC Financial Services Group, Inc. (PNC) filed an amendment to its previous 8-K report.
2The amendment provides final disclosures regarding the change in its independent registered public accounting firm.
3Deloitte & Touche LLP (D&T) has completed its audit procedures for PNC's consolidated financial statements for the year ended December 31, 2006.
4PricewaterhouseCoopers LLP (PwC) remains appointed as PNC's independent auditor for the fiscal year ending December 31, 2007.
5D&T's engagement as PNC's independent auditor ceased effective after March 1, 2007, upon the filing of PNC's 2006 Form 10-K.
6The reports from D&T on PNC's financial statements for 2006 and 2005 contained no adverse opinions, disclaimers, qualifications, or modifications.
7There were no disagreements or reportable events between PNC and D&T during the relevant periods.

PNC FINANCIAL SERVICES GROUP, INC. 8-K/A Report, Auditor Change (Mar 7, 2007)

Summary

Key Highlights

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