Attached files
file | filename |
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EX-23 - EX-23 - CARPENTER TECHNOLOGY CORP | a14-15153_1ex23.htm |
EX-24 - EX-24 - CARPENTER TECHNOLOGY CORP | a14-15153_1ex24.htm |
EX-31.A - EX-31.A - CARPENTER TECHNOLOGY CORP | a14-15153_1ex31da.htm |
EX-21 - EX-21 - CARPENTER TECHNOLOGY CORP | a14-15153_1ex21.htm |
EX-32 - EX-32 - CARPENTER TECHNOLOGY CORP | a14-15153_1ex32.htm |
EX-12 - EX-12 - CARPENTER TECHNOLOGY CORP | a14-15153_1ex12.htm |
EX-31.B - EX-31.B - CARPENTER TECHNOLOGY CORP | a14-15153_1ex31db.htm |
EXCEL - IDEA: XBRL DOCUMENT - CARPENTER TECHNOLOGY CORP | Financial_Report.xls |
10-K - 10-K - CARPENTER TECHNOLOGY CORP | a14-15153_110k.htm |
Exhibit 18.1
August 26, 2014
Board of Directors
Carpenter Technologies Corporation
2 Meridian Boulevard
Wyomissing, PA
19610-1339
Dear Directors:
We are providing this letter to you for inclusion as an exhibit to your Form 10-K filing pursuant to Item 601 of Regulation S-K.
We have audited the consolidated financial statements included in the Companys Annual Report on Form 10-K for the year ended June 30, 2014 and issued our report thereon dated August 26, 2014. Note 7 to the financial statements describes a change in accounting principle related to the timing of the Companys annual goodwill impairment test from February 28 to June 30 for the Latrobe Distribution and Specialty Steel Supply reporting units. It should be understood that the preferability of one acceptable method of accounting over another for selecting the annual goodwill impairment test date has not been addressed in any authoritative accounting literature, and in expressing our concurrence below we have relied on managements determination that this change in accounting principle is preferable. Based on our reading of managements stated reasons and justification for this change in accounting principle in the Form 10-K, and our discussions with management as to their judgment about the relevant business planning factors relating to the change, we concur with management that such change represents, in the Companys circumstances, the adoption of a preferable accounting principle in conformity with Accounting Standards Codification 250, Accounting Changes and Error Corrections.
Very truly yours,
/s/ PricewaterhouseCoopers LLP
PricewaterhouseCoopers LLP