Business Context and Reporting Period
This Form 8-K Current Report was filed by Bristol-Myers Squibb Company on March 14, 2006. The report discloses a change in the Company's independent registered public accounting firm effective for the fiscal year ending December 31, 2006.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on the administrative change of auditors and does not contain financial statement data.
Material Changes
- Appointment of New Auditor: The Audit Committee appointed Deloitte & Touche LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2006.
- Dismissal of Prior Auditor: PricewaterhouseCoopers LLP was dismissed as the Company's auditors.
- Audit History: Reports by PricewaterhouseCoopers LLP for fiscal years 2005 and 2004 contained no adverse opinions, disclaimers, or qualifications regarding uncertainty, audit scope, or accounting principles.
- Disagreements: There were no disagreements between the Company and PricewaterhouseCoopers LLP on accounting principles, practices, or auditing scope during the two most recent fiscal years or through March 14, 2006.
- Reportable Events: No "reportable events" as defined in Item 304(a)(1)(v) of Regulation S-K occurred during the relevant period.
Guidance, Outlook, and Risks
The filing text does not provide guidance, outlook, management commentary on operations, or specific risk factors. The document confirms that the Company did not consult with Deloitte & Touche LLP regarding matters set forth in Item 304(a)(2)(i) and (ii) of Regulation S-K prior to the appointment. A letter from PricewaterhouseCoopers LLP agreeing with the Company's statements is filed as Exhibit 16.1.
Investor Verification Checklist
- Verify the effective date of the auditor transition to Deloitte & Touche LLP.
- Review Exhibit 16.1 (Letter from PricewaterhouseCoopers LLP) for any additional context regarding the dismissal.
- Confirm that no undisclosed disagreements or reportable events exist between the Company and the former auditor.
- Monitor future filings for the first audit report issued by Deloitte & Touche LLP for the fiscal year ending December 31, 2006.