8-KFinancial EventsExhibits & Filings

T-Mobile US, Inc. 8-K Report, Auditor Change (Apr 15, 2022)

Filed April 15, 2022For Securities:TMUSTMUSZTMUSITMUSL

Summary

T-Mobile US, Inc. (TMUS) has announced a significant change in its independent auditor, dismissing PricewaterhouseCoopers LLP (PwC) and engaging Deloitte & Touche LLP (Deloitte) as its new auditor. This change is effective immediately after the filing of the company's first quarter 2022 Form 10-Q. The company stated that the decision was made after a thorough selection process and is deemed to be in the best interest of shareholders, partly due to efficiency benefits arising from the alignment with its parent company, Deutsche Telekom AG, which also appointed Deloitte as its auditor in compliance with European Union regulations. Importantly, the filing clarifies that the dismissal of PwC was not due to any disagreements regarding accounting principles, financial statement disclosures, or auditing procedures, nor were there any "reportable events." Similarly, the company has not consulted Deloitte on any matters that would constitute a disagreement or reportable event prior to this engagement. This indicates a smooth transition without any underlying accounting concerns.

Key Highlights

  • 1T-Mobile US, Inc. has changed its independent registered public accounting firm, dismissing PwC and engaging Deloitte & Touche LLP.
  • 2The change is effective after the filing of the Q1 2022 Form 10-Q.
  • 3The decision was driven by a comprehensive selection process and aims for shareholder benefit, including potential efficiency gains.
  • 4A key driver for the change is the alignment with Deutsche Telekom AG's auditor, Deloitte, in response to EU auditor rotation regulations.
  • 5There were no disagreements or reportable events with the outgoing auditor, PwC.
  • 6T-Mobile has not consulted Deloitte on any matters that would constitute a disagreement or reportable event prior to this appointment.

Frequently Asked Questions

T-Mobile changed its auditor following a comprehensive selection process. The company cited potential efficiency benefits from aligning its audit firm with that of its parent company, Deutsche Telekom AG, which appointed Deloitte due to EU auditor rotation regulations, as a key factor in its decision.

No, the filing explicitly states that there were no disagreements with PricewaterhouseCoopers LLP on any accounting principles, financial statement disclosures, or auditing procedures, nor were there any "reportable events." This indicates that the change is not due to any accounting or financial reporting issues.

The change in auditor will become effective immediately after T-Mobile files its Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2022.

No, the company stated that it has not consulted with Deloitte regarding any accounting principles for specific transactions, potential audit opinions, disagreements, or reportable events prior to this engagement.