Chicago (Nov. 11, 2002) National firm BDO Seidman has withdrawn a lawsuit which sought to release documents that contradicted statements by Public Company Accounting Oversight Board chairman William Webster regarding BDO's dismissal as auditor to a small technology company where Webster served as head of the audit committee.BDO Seidman said that while serving as auditor to U.S. Technologies it had raised concerns about internal control problems at the company.
One month later, BDO was dismissed. Webster has stated that he didn't recall being told of BDO's concerns. He said BDO was dismissed because they were too expensive and not as a result of the accounting concerns.U.S. Technologies is currently under investigation for fraud.
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