Business Context and Reporting Period
Company: Newmont Mining Corporation
Filing Type: Form 8-K (Current Report)
Date of Report: September 3, 2014
Reporting Period: Fiscal year ending December 31, 2015 (for the new auditor engagement)
Key Financial Metrics
This filing does not contain financial performance data. The document reports a corporate governance event regarding the appointment of an independent registered public accounting firm. No revenue, profit, cash flow, margin, debt, or liquidity figures are provided in this text.
Material Changes
- Change in Certifying Accountant: The Audit Committee formally engaged Ernst & Young LLP (EY) as the independent registered public accounting firm for the fiscal year ending December 31, 2015.
- Dismissal of Prior Auditor: PricewaterhouseCoopers LLP was dismissed as the independent registered public accounting firm, subject to the completion of services for the fiscal year ending December 31, 2014.
- Timeline: The decision to switch auditors was previously reported on June 5, 2014. Formal engagement occurred on September 3, 2014, after EY completed acceptance procedures.
Guidance, Outlook, and Risks
Consultation History: The filing states that during the two most recent fiscal years (2012 and 2013) and the interim period through September 3, 2014, the Company did not consult EY regarding:
- The application of accounting principles to specified transactions.
- The type of audit opinion that might be rendered.
- Any matters involving disagreements or "reportable events" as defined in Regulation S-K.
Outlook: No financial guidance or management commentary regarding future business performance is included in this filing.
Investor Verification Checklist
- Verify the completion of the transition from PricewaterhouseCoopers LLP to Ernst & Young LLP for the 2015 fiscal year audit.
- Review the June 5, 2014 Form 8-K for the initial announcement of the auditor change.
- Confirm that no undisclosed disagreements or reportable events existed between the Company and EY prior to engagement.
- Note that this filing contains no financial results; refer to the most recent 10-Q or 10-K for financial metrics.