AMEX AUDIT COMMITTEE APPROVES PWC: The audit committee of financial services conglomerate American Express Co. approved the appointment of Big Four firm PricewaterhouseCoopers as its auditor for 2005.PwC succeeds Ernst & Young as the company's independent accountant. Ernst was to remain as auditor for AmEx through Dec. 31.
American Express engaged PwC following an extensive request-for-proposal process. The company's audit committee conducts a mandatory review of its outside auditor every 10 years.
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