This excerpt taken from the UVV 8-K filed Dec 16, 2005.
Item 4.01. Changes in Registrants Certifying Accountant.
On December 14, 2005, the Employees Stock Purchase Plan of Universal Leaf Tobacco Company, Incorporated and Designated Affiliated Companies (the Plan) dismissed Ernst & Young LLP (E&Y) as the independent registered public accounting firm for the Plan. The Audit Committee of Universal Corporations Board of Directors has approved the change in independent registered public accounting firms for the Plan. The change pertains only to the financial statements of the Plan and does not affect E&Ys engagement as the independent registered public accounting firm for Universal Corporation.
The report of E&Y on the financial statements of the Plan as of and for the years ended December 31, 2004 and 2003 did not contain an adverse opinion or disclaimer of opinion, nor was it qualified or modified as to uncertainty, audit scope, or accounting principles.
During the Plan years ended December 31, 2004 and 2003, and through December 14, 2005, there were no disagreements with E&Y on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreements, if not resolved to the satisfaction of E&Y, would have caused E&Y to make reference to the subject matter of the disagreement in connection with its reports on the Plans financial statements for such years.
During the Plan years ended December 31, 2004 and 2003, and through December 14, 2005, there were no reportable events with respect to the Plan, as that term is defined in Item 304 (a) (1) (v) of Regulation S-K.
The Plan provided a copy of the foregoing disclosures to E&Y and requested that E&Y furnish it with a letter addressed to the Securities and Exchange Commission stating whether or not it agrees with the aforementioned statements. A copy of the letter furnished in response to that request is filed as Exhibit 16 to this Form 8-K.
On December 14, 2005, the Plan appointed PKF Witt Mares, PLC (Witt Mares) as the independent registered public accounting firm for the Plan for the year ending December 31, 2005.
During the years ended December 31, 2004 and 2003, and through December 14, 2005, the Plan did not consult with Witt Mares regarding any of the matters or events set forth in Item 304 (a) (2) (i) or (ii) of Regulation S-K.