UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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): May 17, 2002
QUINTILES TRANSNATIONAL CORP.
(Exact name of registrant as specified in its charter)
North Carolina 000-23520 56-1714315
(State or other (Commission File Number) (I.R.S. Employer
jurisdiction Identification No.)
of incorporation)
4709 Creekstone Drive, Riverbirch Building, Suite 200,
Durham, North Carolina 27703-8411
(Address of principal executive offices)
(919) 998-2000
(Registrant's telephone number, including area code)
N/A
(Former name or former address, if changed since last report)
Item 4. Changes In Registrant's Certifying Accountant.
The Board of Directors of Quintiles Transnational Corp. (the "Company")
has approved the recommendation by the Company's Audit Committee to engage
PricewaterhouseCoopers LLP as the Company's independent public accountants for
the year ending December 31, 2002, to replace Arthur Andersen LLP. Arthur
Andersen LLP was notified on May 17, 2002 that the Company was changing
independent public accountants.
The audit reports of Arthur Andersen LLP on the consolidated financial
statements of the Company for the years ended December 31, 2001 and 2000 did not
contain any adverse opinion or disclaimer of opinion, nor were they qualified or
modified as to uncertainty, audit scope or accounting principles.
In connection with the audits of the Company's financial statements for
each of the two fiscal years ended December 31, 2001, as well as during the
period from January 1, 2002 through May 17, 2002, there were no disagreements
with Arthur Andersen 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 Arthur Andersen LLP would have caused Arthur
Andersen LLP to make reference to the matter in their report. The Company has
requested Arthur Andersen 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 May 17, 2002, is filed herewith as Exhibit 16.01.
During the last two fiscal years and the interim period preceding May
17, 2002, the Company did not consult with PricewaterhouseCoopers 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 Number Description of Exhibit
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16.01 Letter of Arthur Andersen LLP
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.
By: /s/ James L. Bierman
-------------------------------
Dated: May 22, 2002 James L. Bierman
Executive Vice President and
Chief Financial Officer
EXHIBIT INDEX
Exhibit Number Description of Exhibit
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16.01 Letter of Arthur Andersen LLP