SAVON TAPS BDO SEIDMAN: Savon Team Sports Inc., a Culver City, Calif.-based concern, hired national firm BDO Seidman as its auditor, after dismissing incumbent HJ & Associates.
According to a federal filing, there were no disagreements between Savon and HJ & Associates on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure.
However, HJ & Associates’ reports for the company’s fiscal years ended June 30, 2002 and 2003, raised substantial doubt about the company’s ability to continue to operate as a going concern.
BIOANALYTICAL SYSTEMS JETTISONS E&Y: BioAnalytical Systems Inc., a provider of research and development services for the pharmaceutical and biotech industries, appointed Big Four firm KPMG as its independent accountant after dismissing Ernst & Young.
According to an 8-K filed with the Securities and Exchange Commission, there were no reported differences with its former auditor relating to accounting principles or practices.
PETROHAWK ENERGY ENGAGES DELOITTE: Petrohawk Energy Corp. has engaged Big Four firm Deloitte & Touche as its auditor, succeeding Ernst & Young.
According to a federal filing, the company indicated that the change in auditors stemmed from moving its corporate headquarters from Tulsa, Okla., to Houston.
Petrohawk, a producer and developer of crude oil and natural gas, reported no accounting-related disagreements with E&Y.
OMNI DISMISSES FITTS, ROBERTS & CO.: Omni Energy Services, an oil field services concern, dismissed auditor Fitts Roberts & Co. and replaced it with BDO Seidman, according to an 8-K filing.
The company and its former auditor reported disagreements over such issues as the recording of gain contingencies, the re-pricing of warrants to non-employees, and the measurement dates for stock-based compensation, according to the filing.
GT IS NEW NAVARRE AUDITOR: Grant Thornton has been retained by Navarre Corp., a New Hope, Minn.-based e-commerce site, after the company dismissed Big Four firm Ernst & Young. According to a federal filing, Navarre reported no disagreements relating to accounting principles or practices with E&Y.
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