Illinois tool works appoints Deloitte as auditor: After severing its 50-year auditing relationship with Big Five firm Andersen, Illinois Tool Works Inc. hired rival Deloitte & Touche LLP as external auditor to succeed the embattled firm.

Based in Glenview, Ill., ITW, a manufacturer of engineered components and industrial systems, said that the decision to retain Deloitte had followed an earlier recommendation by the audit committee to replace Andersen.

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

Don't have an account? Register for Free Unlimited Access