MOLX » Topics » Auditor Transition

This excerpt taken from the MOLX DEF 14A filed Sep 13, 2006.

Auditor Transition

The Audit Committee engaged E&Y to serve as Molex’s independent auditors on December 9, 2004. Deloitte & Touche LLP (Deloitte), Molex’s former independent auditors, resigned on November 13, 2004. Incorporated herein by reference are the Form 8-K and the Form 8-K/A (including the letter of Deloitte filed as an exhibit to the Form 8-K/A) filed by Molex with the SEC on November 18, 2004 and December 1, 2004, respectively, in connection with the change in Molex’s independent auditors.

In connection with the potential engagement as Molex’s new independent auditors, Molex and E&Y discussed the nature of the matters described in Item 4.01 of the Form 8-K and in the Form 8-K/A, including the reportable event disclosed therein and the matter that was the subject of a disagreement with Deloitte (as defined in paragraph 304(a)(1)(iv) of Regulation S-K).

During the fiscal years ended June 30, 2003 and 2004, and during the interim period through the date of E&Y’s engagement on December 9, 2004, Molex did not consult with E&Y regarding either: (i) the application of accounting principles to a specified transaction, either completed or proposed; or the type of audit opinion that might be rendered on Molex’s financial statements, and neither a written report was provided to Molex nor oral advice was provided that E&Y concluded was an important factor considered by Molex in reaching a decision as to the accounting, auditing or financial reporting issue; or (ii) any matter that was either the subject of a disagreement (as defined in paragraph 304(a)(1)(iv) of Regulation S-K) or a reportable event (as described in paragraph 304(a)(1)(v) of Regulation S-K).

This excerpt taken from the MOLX DEF 14A filed Sep 23, 2005.

AUDITOR TRANSITION

The Audit Committee of Molex’s Board of Directors engaged Ernst & Young LLP to serve as the Company’s independent registered public accounting firm as of December 9, 2004. Deloitte & Touche LLP, Molex’s former independent registered public accounting firm, resigned on November 13, 2004. Attached hereto as Appendix F and incorporated herein by reference are disclosures from the Current Report on Form 8-K (the “Form 8-K”) and the Form 8-K/A, including the letter of Deloitte & Touche LLP filed as an exhibit thereto (the “8-K Amendment”), filed by Molex with the SEC on November 18, 2004 and December 1, 2004, respectively, in connection with the change in the Company’s independent auditors.

In connection with the potential engagement as Molex’s new independent auditors, Molex and Ernst & Young LLP discussed the nature of the matters described in Item 4.01 of the Form 8-K and in the 8-K Amendment (including the letter of Deloitte & Touche LLP filed as an exhibit thereto), including the reportable event disclosed therein and the matter that was the subject of a disagreement, as that term is defined in paragraph 304(a)(1)(iv) of Regulation S-K, with Deloitte & Touche LLP.

During the two fiscal years ended June 30, 2004 and during the interim period through the date of Ernst & Young LLP’s engagement on December 9, 2004, Molex did not consult with Ernst & Young LLP regarding either (i) the application of accounting principles to a specified transaction, either completed or proposed, or the type of audit opinion that might be rendered on the Company’s financial statements, and neither a written report was provided to the Company nor oral advice was provided that Ernst & Young LLP concluded was an important factor considered by the Company in reaching a decision as to the accounting, auditing or financial reporting issue; or (ii) any matter that was either the subject of a disagreement, as that term is defined in paragraph 304(a)(1)(iv) of Regulation S-K and the related instructions to Item 304 of Regulation S-K, or a reportable event required to be reported under paragraph 304(a)(1)(v) of Regulation S-K.

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