There were two news items on the WebCPA newswire last Thursday that fascinated me. It wasn't the content of either that I found exciting. However, what was remarkable is the coincidence of these two events happening on the same day.

The first piece was entitled "PwC Vice Chair on Why Auditors Resign." Speaking at a forum on auditor independence at NYU's Stern School of Business in New York City, John O'Connor, vice chairman of services at PricewaterhouseCoopers, gave the three primary reasons why his firm resigns as an auditor. He said it happened 500 times in 2003 and the top reasons were:

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