This excerpt taken from the AMFI 8-K filed May 25, 2007.
ITEM 4.01 Changes in Registrants Certifying Accountant
On May 21, 2007, the Audit Committee of the Board of Directors of AMCORE Financial, Inc. (the Company) appointed Deloitte & Touche LLP (Deloitte) as the new independent registered public accountants for the Company for the year ending December 31, 2007 and dismissed KPMG LLP (KPMG), who remained the Companys independent registered public accountants until the appointment of Deloitte. The appointment followed a review of proposals submitted by a variety of independent registered public accounting firms, including KPMG, as provided for in the Audit Committee charter.
The reports of KPMG on our consolidated financial statements as of and for the years ended December 31, 2006 and 2005 did not contain an adverse opinion or a disclaimer of opinion, and were not qualified or modified as to uncertainty, audit scope or accounting principles, except the report of KPMG for the year ended December 31, 2006 included a paragraph indicating that the Company had adopted the fair value method of accounting for stock-based compensation as required by Statement of Financial Accounting Standards No. 123 ( R ), Share-Based Payment.
The audit reports of KPMG on managements assessment of the effectiveness of internal control over financial reporting and the effectiveness of internal control over financial reporting as of December 31, 2006 and 2005 did not contain any adverse opinion or disclaimer of opinion, nor were they qualified or modified as to uncertainty, audit scope, or accounting principles.
During the years ended December 31, 2006 and 2005 and the subsequent period through May 21, 2007, there have been no reportable events described in Item 304(a)(1)(v) of Regulation S-K and there were no disagreements with KPMG on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedures, which disagreements, if not resolved to KPMGs satisfaction, would have caused KPMG to make reference thereto in their reports on the financial statements for such years.
We provided KPMG with a copy of the foregoing disclosures and requested that KPMG furnish a letter addressed to the Securities and Exchange Commission stating whether or not it agrees with such disclosures. A copy of the letter furnished in response to that request is filed as Exhibit 16 to this report.
During the years ended December 31, 2006 and 2005 and the subsequent period through May 21,2007, we did not consult with Deloitte regarding any of the matters or events set forth in Item 304(a)(2)(i) or (ii) of Regulation S-K.