IT'S OFFICIAL, FANNIE ENGAGES DELOITTE: Mortgage financing concern Fannie Mae has officially engaged Big Four firm Deloitte as its new auditor, replacing KPMG, according to a federal filing.
In January, the troubled concern had revealed its plans to retain Deloitte, which had uncovered accounting irrregularities at the company after it was retained last year by Fannie Mae's overseer, the Office of Federal Housing Enterprise Oversight.
STONEFIELD JOSEPHSON AND COBALIS PART WAYS: California-based Stonefield Josephson has dropped pharmaceutical concern Cobalis as an audit client, stating that the Irvine, Calif.-based company is no longer in "the scope of its client risk profile."
According to an 8-K form, there were no disagreements between Cobalis and Stonefield Josephson on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedures.
However, the auditor's reports on Cobalis' financials questioned the company's ability to continue as a going concern.
Cobalis is currently seeking a replacement auditor.
NWH DISMISSES PWC: NWH Inc., a telecommunications holding concern headquartered in New York, dismissed Big Four firm PricewaterhouseCoopers and hired McGladrey & Pullen as its replacement.
In a Securities and Exchange Commission filing, the company, formerly known as National Wireless Holdings, said that PwC's audit reports did not include adverse opinions on company financials, and that there were no disagreements on matters of accounting principles, auditing scope or disclosure.
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