-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, JiTVw6mzzJCUOYcTeuZ6vTN0Oxud8mUBC7lQUmsagGj20yRVcRK/qZNJYG7pKbW9 ZIHSzimrOHD7lzUd128Lrg== 0000950147-02-000035.txt : 20020413 0000950147-02-000035.hdr.sgml : 20020413 ACCESSION NUMBER: 0000950147-02-000035 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20020102 ITEM INFORMATION: Changes in registrant's certifying accountant ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20020109 FILER: COMPANY DATA: COMPANY CONFORMED NAME: RURAL METRO CORP /DE/ CENTRAL INDEX KEY: 0000906326 STANDARD INDUSTRIAL CLASSIFICATION: LOCAL & SUBURBAN TRANSIT & INTERURBAN HWY PASSENGER TRAINS [4100] IRS NUMBER: 860746929 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-22056 FILM NUMBER: 2505141 BUSINESS ADDRESS: STREET 1: 8401 EAST INDIAN SCHOOL RD CITY: SCOTTSDALE STATE: AZ ZIP: 85251 BUSINESS PHONE: 4809943886 8-K 1 e-7955.txt CURRENT REPORT DATED 01/02/2002 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): January 2, 2002 RURAL/METRO CORPORATION (Exact Name of Registrant as Specified in its Charter) DELAWARE 0-22056 86-0746929 (State or Other (Commission (IRS Employer Jurisdiction of Incorporation) File Number) Identification No.) 8401 East Indian School Road, Scottsdale, Arizona 85251 (Address of Principal Executive Offices) (Zip Code) Registrant's telephone number, including area code: (480) 606-3886 RURAL/METRO CORPORATION FORM 8-K CURRENT REPORT ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT. (a) On January 2, 2002, Rural/Metro Corporation (the "Company") dismissed Arthur Andersen LLP ("Andersen") as its independent public accountants. The Company intends to engage PricewaterhouseCoopers, LLP as its new independent public accountants. The decision to change the Company's accounting firm was recommended and approved by the Company's Audit Committee of the Board of Directors and approved by the Company's Board of Directors. (b) During the two most recent fiscal years ended June 30, 2000 and 2001 and the subsequent interim reporting period from the last audit date of June 30, 2001, through and including the termination date of January 2, 2002, there were no disagreements between the Company and Andersen on any matter of accounting principles or practices, financial statement disclosure, or accounting scope or procedure. Additionally, there were no reportable events (as defined in Item 304(a)(1)(v) of Regulation S-K) during such periods, except that Andersen issued a letter dated October 31, 2000 summarizing material weaknesses in certain aspects of the Company's internal controls that were noted during Andersen's audit of the Company's financial statements for the fiscal year ended June 30, 2000. The letter recommended examination and augmentation, as appropriate, of certain aspects of the Company's internal control procedures, including the following: (1) the Company's reserve analysis for the allowance for doubtful accounts, including the quarterly procedures to be performed in the reserve analysis and the involvement of additional management personnel in such analysis; (2) the Company's assessment of asset realization, including the Company's application of relevant accounting pronouncements, and the involvement of additional field operational personnel in such assessment on a quarterly basis; (3) the Company's risk management function, including its analysis, documentation, and procedures related to workers' compensation and general liability reserves; and (4) the Company's compliance with documentation and billing procedures, including training, supervision, and internal audit functions pertaining to such procedures. The Audit Committee of the Company's Board of Directors, the Board of Directors, and management discussed the recommendations with Andersen. The Company has taken steps to address each internal control recommendation. Although Andersen provided the Company with a summary of internal control recommendations developed in connection with the audit of the Company's financial statements for the fiscal year ended June 30, 2001, none of the underlying conditions were determined by Andersen to represent material weaknesses. The Company has authorized Andersen to respond fully to any inquiries of PricewaterhouseCoopers, LLP concerning the internal control recommendations. 2 (c) The report of Andersen on the financial statements of the Company for each of the past two fiscal years ended June 30, 2000 and 2001 contained no adverse opinion or disclaimer of opinion, and was not qualified or modified as to uncertainty, audit scope, or accounting principles, except that the report of Andersen on the financial statements of the Company for each of the past two fiscal years ended June 30, 2000 and 2001 was modified as to the uncertainty related to the Company's ability to continue as a going concern. (d) The Company has not consulted with PricewaterhouseCoopers LLP during the last two fiscal years ended June 30, 2000 and 2001 or during the subsequent interim reporting period from the last audit date of June 30, 2001, through and including the termination date of January 2, 2002, on either the application of accounting principles or the type of opinion PricewaterhouseCoopers LLP might issue on the Company's financial statements. (e) The Company has requested Andersen to furnish a letter addressed to the Securities and Exchange Commission stating whether Andersen agrees with the above statements made by the Company. A copy of this letter addressed to the SEC, dated January 9, 2002, is filed as Exhibit 16 to this Form 8-K. ITEM 7. EXHIBITS 16. Letter of Arthur Andersen LLP regarding the change in certifying accountant. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: January 9, 2002 RURAL/METRO CORPORATION By: /s/ Jack E. Brucker ------------------------------------ Jack E. Brucker, President and Chief Executive Officer 3 EX-16 3 ex16.txt LETTER RE: CHANGE OF CERTIFYING ACCOUNTANT Exhibit 16 [ARTHUR ANDERSEN LLP LETTERHEAD] Office of the Chief Accountant Securities and Exchange Commission 450 Fifth Street, N.W. Washington, D.C. 20549 January 9, 2002 Dear Sir or Madam: We have read the five paragraphs of Item 4 included in the Form 8-K, dated January 9, 2002, of Rural/Metro Corporation (Commission File Number: 0-22056) filed with the Securities and Exchange Commission and are in agreement with the statements contained therein. With kind regards, /s/ Arthur Andersen LLP Copy to: Jack E. Brucker, President and Chief Executive Officer Rural/Metro Corporation -----END PRIVACY-ENHANCED MESSAGE-----