-----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, PqwnHfENMF+F/l8W8d89wjM2gCu5du9NuBFy8KDgwVdens+CDWZe9X80YFPKbzgw 9xC28Hk+0OM7HZocz27GPg== 0000950144-98-002190.txt : 19980304 0000950144-98-002190.hdr.sgml : 19980304 ACCESSION NUMBER: 0000950144-98-002190 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19980226 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19980302 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: QUINTILES TRANSNATIONAL CORP CENTRAL INDEX KEY: 0000919623 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMMERCIAL PHYSICAL & BIOLOGICAL RESEARCH [8731] IRS NUMBER: 561714315 STATE OF INCORPORATION: NC FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-23520 FILM NUMBER: 98554544 BUSINESS ADDRESS: STREET 1: 4709 CREEKSTONE DR STREET 2: STE 300 CITY: DURHAM STATE: NC ZIP: 27703-8411 BUSINESS PHONE: 9199412000 MAIL ADDRESS: STREET 1: 4709 CREEKSTONE DR STREET 2: STE 300 CITY: DURHAM STATE: NC ZIP: 27703-8411 8-K 1 QUINTILES TRANSNATIONAL CORP. 8-K 2/26/98 1 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): February 26, 1998 QUINTILES TRANSNATIONAL CORP. - -------------------------------------------------------------------------------- (Exact name of registrant as specified in its charter) North Carolina 340-23520 56-1714315 - -------------------------------------------------------------------------------- (State or other (Commission I.R.S. Employer jurisdiction File No.) Identification of incorporation) Number 4709 Creekstone Drive, Riverbirch Building, Suite 200, Durham, North Carolina 27703-8411 - -------------------------------------------------------------------------------- (Address of principal executive offices) (919) 941-2000 (Registrant's telephone number, including area code) N/A (Former name or former address, if changed since last report) 2 ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT The Audit and Executive Committees of the Board of Directors of Quintiles Transnational Corp. (the "Company") have approved the engagement of Arthur Andersen LLP as the Company's independent public accountants for the year ended December 31, 1998, to replace Ernst & Young LLP. Ernst & Young LLP was notified on February 26, 1998 that the Company was changing independent public accountants. The audit reports of Ernst & Young LLP on the consolidated financial statements of the Company for the years ended December 31, 1995 and 1996 did not contain any adverse opinion or disclaimer of opinion, nor were they qualified or modified as to uncertainty, audit scope or accounting principles except that, in 1995, Ernst & Young LLP did not audit BRI International Inc. and Innovex Limited, each of which was combined with the Company in 1996 in transactions accounted for as poolings of interests. As of the date hereof, Ernst & Young LLP has not issued its report on its audit of the Company's financial statements for the year ended December 31, 1997. In connection with the audits of the Company's financial statements for each of the two fiscal years ended December 31, 1996 and in the subsequent interim period through February 26, 1998, there were no disagreements with Ernst & Young LLP on any matters of accounting principles or practices, financial statement disclosure, or auditing scope and procedures which, if not resolved to the satisfaction of Ernst & Young LLP would have caused Ernst & Young LLP to make reference to the matter in their report. The Company has requested Ernst & Young LLP to furnish it with a letter to the Securities and Exchange Commission stating whether it agrees with the above statements. A copy of that letter, dated March 2, 1998, is filed herewith as Exhibit 16.01. During the last two fiscal years and the subsequent interim period preceding February 26, 1998, the Company did not consult Arthur Andersen LLP regarding any of the matters or events set forth in Regulation S-K Item 304(a)(2)(i) and (ii). ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS (c) Exhibits Exhibit No. Description of Exhibit ----------- ---------------------- 16.01 Letter of Ernst & Young LLP 3 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. QUINTILES TRANSNATIONAL CORP. Dated: March 2, 1998 By: /s/ Rachel R. Selisker --------------------------- Rachel R. Selisker Chief Financial Officer and Executive Vice President Finance 4 EXHIBIT INDEX Exhibit No. Description of Exhibit ----------- ---------------------- 16.01 Letter of Ernst & Young LLP EX-16.01 2 LETTER OF ERNST & YOUNG LLP 1 EXHIBIT 16.01 [Ernst & Young LLP Letterhead] March 2, 1998 Securities and Exchange Commission 450 Fifth Street, N.W. Washington, DC 20549 Ladies and Gentlemen: We have read Item 4 of Form 8-K dated March 2, 1998 of Quintiles Transnational Corp. and are in agreement with the statements contained in the first three paragraphs on page 2 therein. We have no basis to agree or disagree with other statements of the registrant contained therein. /s/ ERNST & YOUNG LLP -----END PRIVACY-ENHANCED MESSAGE-----