Business Context and Reporting Period
This Form 8-K is a current report filed by The JPMorgan Chase 401(k) Savings Plan (the "Plan"), a subsidiary entity of JPMorgan Chase & Co. The report date is November 30, 2006. The filing addresses a change in the Plan's certifying accountant.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is strictly procedural regarding the appointment of an independent registered public accounting firm and does not contain financial performance data for the Plan or the parent company.
Material Changes
- Accountant Resignation: Effective November 30, 2006, Mitchell & Titus, LLP resigned as the independent registered public accounting firm for the Plan.
- Reason for Resignation: The resignation was due to Mitchell & Titus becoming a member firm of Ernst & Young Global on that date.
- Successor Status: As of the filing date, a new independent registered public accounting firm for the Plan has not yet been engaged.
- Audit History: Mitchell & Titus served as the auditor for the years ended December 31, 2005, and 2004. Their reports contained no adverse opinions, disclaimers, or qualifications regarding uncertainty, audit scope, or accounting principles.
Guidance, Outlook, and Risks
The filing contains no guidance, outlook, or management commentary regarding future financial performance. There were no disagreements with the former accountant on accounting principles, financial statement disclosure, or auditing scope during the periods covered. No reportable events as defined in Regulation S-K, Item 304(a)(1)(v) occurred during the relevant periods.
Investor Verification Checklist
- Verify the appointment of a new independent registered public accounting firm for The JPMorgan Chase 401(k) Savings Plan.
- Confirm that the resignation of Mitchell & Titus, LLP was solely due to its merger with Ernst & Young Global and not due to any audit disputes.
- Review the attached Exhibit 16.1 (Letter from Mitchell & Titus, LLP) to confirm their agreement with the statements made in this filing.