AMERICAN RETIREMENT HIRES DELOITTE: Senior living community and nursing care facilities operator American Retirement Corp. has hired Big Four firm Deloitte & Touche as its independent accountant.Deloitte succeeds KPMG as the Brentwood, Tenn.-based company's auditor.
ARC said that, after 15 years, its board made the decision to switch auditors and sent the job out to bid. The auditor change comes roughly one year after American Retirement said that it would restate its annual financial statements for 2002 to 2004.
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