Allied Motion Technologies, a manufacturer of control systems and instrumentation for the marine, rail, power generation, and oil and gas industries, named Ehrhardt, Keefe, Steiner & Hottman PC its new independent accountant.Ehrhardt Keefe succeeds Big Four firm KPMG, which was dismissed. KPMG's audit reports on the Englewood, Colo.-based company's financials for the past two fiscal years did not contain adverse opinions or disclaimers of opinion, and were not qualified or modified as to uncertainty, audit scope or accounting principles.

WYNN RESORTS TAPS E&Y: Las Vegas-based Wynn Resorts Inc. named Big Four firm Ernst & Young as its auditor, succeeding Deloitte & Touche.

During Wynn's fiscal years ended Dec. 31, 2004 and 2005, and through May 15, 2006, there were no disagreements with Deloitte on accounting principles or practices, financial statement disclosure, or auditing scope or procedure. However, for the year ended Dec. 31, 2005, Deloitte advised Wynn that it believed that the application of hedge accounting to Wynn's interest rate swap arrangements between May 2003 and October 2005 was not appropriate.

Register or login for access to this item and much more

All Accounting Today content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access