ABAXIS DISMISSES D&T: Blood-analysis systems manufacturer Abaxis Inc. dismissed Big Four firm Deloitte & Touche as its outside auditor, and retained Burr, Pilger & Mayer LLP as its successor.A federal filing did not state a reason for the auditor change, and there were no disagreements with Deloitte on accounting matters.

However, the company's former auditor expressed an adverse opinion due to a material weakness in controls related to the determination and reporting of a provision for income taxes.

READER'S DIGEST AUDITOR DECLINES RE-ELECTION: Publishing concern Reader's Digest Association Inc. said that its auditor, Big Four firm KPMG, had declined to stand for re-election.

In a filing with the Securities and Exchange Commission, the New York-based company said that it had requested proposals from a number of larger audit firms, including its current auditor.

Reader's Digest said that it had no accounting disagreements with KPMG for its two most recent fiscal years.

ORAGENICS DISMISSES E&Y: Biotechnology concern Oragenics Inc. dismissed Ernst & Young as its independent accountant and replaced the Big Four firm with Kirkland, Russ, Murphy & Tapp.

Ernst & Young's reports on the company didn't contain any adverse opinion or disclaimer of opinion as to audit scope or accounting principles over the last two fiscal years.

ALLIANCE ONE ENGAGES DELOITTE: Virginia-based tobacco concern Alliance One International dismissed its auditor, Ernst & Young, and named Big Four firm Deloitte & Touche as its new independent accountant.

In a federal filing, Alliance One said that it decided to change auditors following a competitive bidding process in which several firms completed proposals to the company's audit committee.

ANSWERTHINK JETTISONS PWC: Miami-based Answerthink dismissed PricewaterhouseCoopers as its auditor, replacing the Big Four firm with BDO Seidman.

Answerthink, a technology consultant, did not state a reason for the change in auditors.

There were no disagreements between Answerthink and PwC on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure.

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