Summary
UnitedHealth Group Inc. (UNH) has filed an 8-K report on May 15, 2002, primarily to announce a significant change in its independent auditor. Effective May 16, 2002, the Company's Board of Directors and Audit Committee have dismissed Arthur Andersen LLP as their independent public accountants and have appointed Deloitte & Touche LLP to serve in this capacity for fiscal year 2002. This change is noteworthy given the circumstances surrounding Arthur Andersen at the time. The filing explicitly states that there were no disagreements with Arthur Andersen on any matters of accounting principle, financial statement disclosure, or auditing scope and procedure. Furthermore, there were no reportable events that would have necessitated a specific mention in Andersen's reports. This suggests the auditor change was not driven by accounting disputes but rather by broader external factors impacting Arthur Andersen.
Key Highlights
- 1UnitedHealth Group Inc. (UNH) is changing its independent auditor.
- 2Arthur Andersen LLP has been dismissed as the Company's independent public accountants.
- 3Deloitte & Touche LLP has been appointed as the new independent public accountants, effective May 16, 2002.
- 4The change in auditors is for the fiscal year 2002.
- 5There were no disagreements with Arthur Andersen on accounting principles, financial statement disclosures, or auditing procedures.
- 6No reportable events occurred that would have required Arthur Andersen to reference them in their reports.
- 7The company did not consult with Deloitte & Touche on any accounting principles or audit opinion matters prior to their engagement.