Business Context and Reporting Period
Company: CURIS, INC.
Filing Type: Form 8-K (Current Report)
Date of Report: April 26, 2002
Reporting Period: Interim period through April 26, 2002, referencing fiscal years ended December 31, 2000 and 2001.
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 a change in the registrant's certifying accountant.
Material Changes
- Dismissal of Auditor: On April 26, 2002, the Company dismissed Arthur Andersen LLP as its independent auditors.
- Engagement of New Auditor: The Company engaged PricewaterhouseCoopers LLP (PWC) as its new independent auditors effective immediately.
- Approval: Actions were approved by the Board of Directors upon the recommendation of the Audit Committee.
- Future Scope: PWC will audit financial statements for the fiscal year ending December 31, 2002, and perform quarterly reviews for fiscal 2002, subject to stockholder ratification at the annual meeting on June 12, 2002.
Management Commentary, Risks, and Unusual Items
- No Disagreements: There were no disagreements between the Company and Arthur Andersen regarding accounting principles, financial statement disclosure, or auditing scope during the two most recent fiscal years or the interim period.
- Audit Opinions: Arthur Andersen's reports for fiscal years 2000 and 2001 did not contain adverse opinions, disclaimers, or qualifications regarding uncertainty, scope, or accounting principles.
- Consultations: The Company did not consult with PWC on accounting principles or audit opinions during the relevant periods, except for prior work PWC performed for Ontogeny, Inc. in connection with a merger.
- Exhibit: A letter from Arthur Andersen to the SEC is attached as Exhibit 16.1.
Investor Verification Checklist
- Verify the outcome of the stockholder ratification for PWC at the annual meeting scheduled for June 12, 2002.
- Review the attached letter from Arthur Andersen (Exhibit 16.1) for any additional context regarding the dismissal.
- Monitor upcoming quarterly and annual reports for the first audit opinion issued by PWC.
- Confirm that no undisclosed disagreements existed between the Company and Arthur Andersen prior to the dismissal.