BIOFUEL ENGAGES GRANT THORNTONBioFuel Energy Corp., a Denver-based producer of ethanol, has named Grant Thornton as its new independent accountant.
Grant succeeds Big Four firm Deloitte as BioFuel's auditor. Deloitte resigned in August.
In a filing, BioFuel said that it had no disagreements with its former auditor on matters of accounting principles or practices, financial statement disclosure, or auditing scope or procedures.
COGNEX DISMISSES E&Y
Cognex Corp., a designer and developer of machine vision systems, has dismissed Big Four firm Ernst & Young as its auditor and named Grant Thornton as its replacement.
No reason was given for the change in independent accountants, which was approved by the company's audit committee.
Ernst's reports on the company's financials for the years ended Dec. 31, 2005 and 2006, did not contain any adverse opinions or disclaimers of opinion, nor were they qualified or modified as to uncertainty, audit scope or accounting principles.
USANA APPOINTS PWC
Usana Health Sciences has retained Big Four accounting firm PricewaterhouseCoopers as its auditor, replacing Grant Thornton, which resigned in July.
The Salt Lake City vitamin concern said that it had a disagreement with Grant Thornton over whether the company needed to hire independent experts to review allegations that it operated a pyramid scheme through its sales distribution network. Usana said that it eventually hired the outside consultants.
The resignation of GT forced the company to file its second quarter 10-Q without its first being reviewed by an auditor and certified by company executives.
Register or login for access to this item and much more
All Accounting Today content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access