LANDEC DISMISSES E&Y
Landec Corp., a Menlo Park, Calif.-based manufacturer and marketer of polymer products for agriculture, dismissed Big Four firm Ernst & Young as its auditor and named McGladrey & Pullen as its new independent accountant. In a filing, the company said that it had no disagreements with E&Y, and the auditor's reports on Landec's financials for the fiscal years ended May 27, 2007, and May 28, 2006, did not contain any adverse opinions or disclaimers of opinion, and were not qualified or modified as to uncertainty, audit scope or accounting principles. The decision to jettison E&Y was approved by the company's audit committee.
MUELLER AND PWC PART WAYS
Mueller Water Products, an Atlanta manufacturer of water distribution products, has dismissed Big Four firm PricewaterhouseCoopers as its auditor. Ernst & Young has been engaged as its new independent accountant. No reason was given for the change, but Mueller claimed there were no unresolved disagreements with PwC.
DELOITTE RESIGNS PROXYMED
IT services provider ProxyMed Inc. said that Deloitte & Touche has resigned as the company's independent auditor. At press time, a replacement had not been named. ProxyMed did not give a reason for the change, but said that it had no disagreement with the firm over accounting matters for the past two years.
ProxyMed's financial statements for the years ended Dec. 31, 2005 and 2006, did not contain any adverse opinions or disclaimers of opinion, but the 2006 report noted Deloitte's questioning of ProxyMed's ability to continue as a going concern.
GEOGLOBAL AUDITOR RESIGNS
Calgary, Alberta-based oil and gas exploration concern GeoGlobal Resources Inc. said that Ernst & Young has resigned as its auditor. In a filing, the company didn't provide an explanation for the resignation, but stated that it had no unresolved accounting disagreement with the public accounting firm.
E&Y's reports on GeoGlobal's financials for each of the two fiscal years ended Dec. 31, 2006, did not contain any adverse opinions or disclaimers of opinion, and were not qualified or modified as to uncertainty, audit scope or accounting principles.
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