Catapult Communications has decided to replace Deloitte & Touche as its outside accounting firm to reduce accounting expenses.
The supplier of digital telecommunications testing systems said it has engaged the firm of Stonefield Josephson to replace Deloitte. Catapult insisted it had no disagreements with Deloitte during its tenure. However, the expenses incurred with the audit and internal control review work performed by Deloitte in fiscal 2007 totaled approximately $1,076,000. Catapult estimated that the expenses for the current fiscal year would amount to about $985,000 if it didn't change accounting firms.
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