DELOITTE RESIGNS AS NAHC AUDITOR: National Atlantic Holdings Corp., a Freehold, N.J.-based property and casualty insurer, said that Big Four firm Deloitte resigned as its auditor after the company issued requests for proposals to a number of audit firms.
According to a filing, the RFPs were part of a company-wide initiative to manage costs. Deloitte declined to submit a proposal. As press time, a successor firm had not been named.
There were no disagreements between National Atlantic and Deloitte & Touche over accounting principles or practices, and the auditing firm didn't issue an adverse opinion or disclaimer regarding National Atlantic's financial reports for the years ending Dec. 31, 2004 and 2005.
INTRAWARE JETTISONS PWC: Software and services concern Intraware has dismissed Big Four firm PricewaterhouseCoopers as its auditor and engaged BDO Seidman as its new independent accountant.
The Orinda, Calif.-based Intraware said that PwC had no adverse opinion regarding the company's financial statements for the fiscal years ended Feb. 28, 2005 and 2006, and there were no disagreements over accounting principles or practices.
NUVELO RETAINS E&Y: Nuvelo Inc., a provider of biopharmaceutical products, has engaged Big Four firm Ernst & Young as its independent accountant, succeeding rival audit firm KPMG.
Nuvelo, headquartered in San Carlos, Calif., indicated in a federal filing that it had no disagreements with its former auditor on any accounting matters, and that its previous financials prepared by KPMG did not contain an adverse opinion.
CASELLA HIRES VITALE CATURANO: Casella Waste Systems Inc. said that its audit committee dismissed Big Four firm PricewaterhouseCoopers as the company's independent auditor and named Boston-based Vitale Caturano as its new auditor. In a filing, the Rutland, Vt.-based solid waste services concern did not state a reason for the auditor change, and noted that PwC's reports on its financials for the fiscal years ended April 30, 2005 and 2006, did not contain an adverse opinion or disclaimer of opinion, and were not qualified or modified as to uncertainty, audit scope or accounting principle.
