Business Context and Reporting Period
This Form 6-K filing by Wipro Limited, an Indian technology services company, covers the month of April 2005. The report specifically addresses a change in the registrant's certifying accountants for US GAAP financial reporting.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This document is a procedural disclosure regarding auditor changes and does not contain financial performance data.
Material Changes
The primary material change disclosed is the re-appointment of KPMG (Registered), an Indian partnership ("KPMG India"), as the Company's US GAAP auditors for the fiscal year ended March 31, 2005. This replaces KPMG LLP, a UK limited liability partnership, which served as the auditor for the fiscal years ended March 31, 2003 and 2004. The change occurred because KPMG India completed its registration with the U.S. Public Company Accounting Oversight Board (PCAOB), fulfilling a condition for its re-appointment as previously disclosed in a May 7, 2004 filing.
Guidance, Outlook, and Risks
The filing confirms that the reports of KPMG LLP for the fiscal years ended March 31, 2003 and 2004 did not contain adverse opinions, disclaimers, or qualifications. Management states there were no disagreements with KPMG LLP regarding accounting principles, practices, financial statement disclosures, or auditing scope during the relevant periods. No reportable events as defined in Item 304(a)(1)(v) of Regulation S-K occurred. The filing does not provide forward-looking guidance, outlook, or specific risk factors beyond the procedural context of the auditor transition.
Key Facts for Investor Verification
- Wipro Limited has reverted to KPMG India as its US GAAP auditor for the fiscal year ending March 31, 2005.
- The transition from KPMG LLP to KPMG India was contingent upon KPMG India's registration with the PCAOB, which has now been completed.
- There were no disagreements or reportable events between the company and the outgoing auditor, KPMG LLP.
- This filing contains no financial performance data; investors should refer to the company's Form 20-F for fiscal year results.