PWC RESIGNS AS ALLIANCE AUDITOR: Big Four firm PricewaterhouseCoopers resigned as accountant to Alliance Semiconductor Corp. At presstime, a replacement had not been named. Santa Clara, Calif.-based Alliance, a provider of analog and mixed-signal and chip-to-chip connectivity products, networking controllers and high-performance memories, reported no disagreements with its former auditor. However, PwC said that its accounting staff lacked skill and depth with relation to applying generally accepted accounting principles, and added that Alliance has ineffective controls over inventory and the accounting for an equity-method investment.AEHR ENGAGES BURR, PILGER & MAYER: Aehr Test Systems, a Fremont, Calif.-based manufacturer and developer of test equipment for the semiconductor industry, retained the firm of Burr, Pilger & Mayer as its new auditor, replacing PwC. PwC's reports on the company's financial statements for the years ended May 31, 2005 and 2004, did not contain an adverse opinion or disclaimer of opinion, and were not qualified or modified as to uncertainty, audit scope or accounting principle.
D&T EXITS AS CROWN AUDITOR: Precious metals concern Crown Resources Corp. said that its auditor, Big Four firm Deloitte & Touche, has resigned. According to a filing, D&T had identified material weaknesses in the company's accounting controls for deferred tax benefits and the company's investment in minerals exploration concern Solitario Resources Corp. A replacement has not been named.
DREYER'S HIRES KPMG: Dreyer's Grand Ice Cream Holdings Inc. jettisoned PwC as its independent accountant and named KPMG as its successor. The Oakland, Calif.-based manufacturer and distributor of ice cream and frozen dessert products noted that PwC had identified a control deficiency that resulted in an adjustment to the company financials.
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