CAPITAL CITY REPLACES KPMG

Tallahassee, Fla.-based financial services concern Capital City Bank Group Inc. has replaced its auditor, KPMG, with Big Four rival Ernst & Young.

In a federal filing, Capital City did not disclose a reason for the change in independent accountants. It also stated that it had no disagreements with KPMG on any accounting matters in 2004, 2005, or in the period through Dec. 21, 2006. The auditor's reports on the company's financials did not contain any adverse opinions or qualifications.

LSB CORP. NAMES WOLFE & CO.

LSB Corp., an Andover, Mass.-based holding company for RiverBank, dismissed Big Four firm KPMG and engaged Wolfe & Co. as its new independent accountant.

The former auditor's reports on the company's financials for fiscal 2004 and 2005 didn't contain any adverse opinion or disclosure on accounting matters. No reason was given for the change except that it was approved by the audit committee.

WALTER DISMISSES PWC

Tampa, Fla.-based Walter Industries has dismissed its independent accountant, PricewaterhouseCoopers, and named Ernst & Young as its new auditor.

The diversified holding company said that there were no disagreements with its former auditor; however, PwC did note a weakness in internal controls on its audit report for Walter's 2005 financials. Walter said that the weakness was corrected in its 2005 fourth quarter.

CABOT ENGAGES DELOITTE

Chemical and specialty materials holding company Cabot Corp. dismissed auditor PricewaterhouseCoopers and retained Deloitte as its new independent accountant.

The company said that it had no disagreements with PricewaterhouseCoopers, and PwC's reports on Cabot's financial statements for the fiscal years ended Sept. 30, 2005 and 2006, did not contain adverse opinions or disclaimers of opinion, and were not qualified or modified as to uncertainty, audit scope or accounting principles.

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