Business Context and Reporting Period
Company: Newmont Mining Corporation
Filing Type: Form 8-K (Current Report)
Date of Report: May 23, 2002
Event: Change in Registrant's Certifying Accountant
Key Financial Metrics
This filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity. The document is strictly a disclosure regarding the change of the independent auditor.
Material Changes
- Dismissal of Auditor: The Board of Directors, upon recommendation of the Audit Committee, dismissed Arthur Andersen LLP as the independent auditor effective May 23, 2002.
- Appointment of New Auditor: PricewaterhouseCoopers LLP was appointed as the independent auditor for fiscal year 2002, with the engagement commencing May 23, 2002.
- Historical Audit Status: Arthur Andersen served as auditor for fiscal years ended December 31, 2001, and 2000. Their reports contained no adverse opinions, disclaimers, or qualifications regarding uncertainty, audit scope, or accounting principles.
- Disagreements: There were no disagreements with Arthur Andersen on accounting principles, practices, or auditing scope during the two most recent fiscal years or the interim period through March 31, 2002.
- Reportable Events: No "reportable events" occurred during Arthur Andersen's engagement.
- Consultations: The Company did not consult with PricewaterhouseCoopers LLP regarding matters set forth in Item 304(a)(2)(i) or (ii) of Regulation S-K during the relevant periods.
Guidance, Outlook, and Risks
The filing does not provide financial guidance, outlook, or management commentary on business operations. The primary risk disclosed is the change in the independent auditing firm, which is a standard regulatory disclosure following the dismissal of Arthur Andersen LLP.
Important Facts for Investor Verification
- Verify the effective date of the auditor change (May 23, 2002).
- Confirm that the new auditor, PricewaterhouseCoopers LLP, has commenced engagement for fiscal year 2002.
- Note that the dismissal of Arthur Andersen LLP was not due to any disagreements on accounting principles or reportable events.
- Review Exhibit 16.1 (Letter from Andersen to the SEC) included in the full filing for the auditor's concurrence.