IBC JETTISONS KPMGFinancial holding company International Bancshares Corp. said that its audit committee has dismissed KPMG as its auditor and replaced the Big Four firm with McGladrey & Pullen.

The Laredo, Texas-based company emphasized that the dismissal was not related to any disagreement with KPMG over accounting principles or practices, financial statement disclosures, or auditing scope or procedures.

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