GARDENBURGER RETAINS BDO: Gardenburger Inc., a manufacturer and marketer of meat alternative products such as veggie burgers, hired BDO Seidman as its independent accountant, according to a federal filing.
BDO succeeds Big Four firm KPMG as Gardenburger’s auditor.
Gardenburger changed auditors after receiving a recommendation to do so from its audit committee, although the Portland, Ore.-based company did not disclose the reason for changing independent accountants.
KPMG’s reports on Gardenburger’s financials contained no adverse opinion or disclaimer of opinion.
AUDITOR DECLINES RE-ELECTION: Big Four firm PricewaterhouseCoopers declined to stand for re-election as auditor for Telos Corp., an Ashburn, Va.-based systems integration and services company for federal government customers.
A new auditor has not been appointed.
PricewaterhouseCoopers’ reports on Telos’ financials contained no adverse opinion or disclaimer of opinion, and weren’t qualified or modified as to uncertainty, audit scope or accounting principle, according to a filing with the Securities and Exchange Commission.
PWC RESIGNS LOUDEYE: Loudeye Technologies, a maker of Internet broadcast software, said that its auditor — Big Four firm PricewaterhouseCoopers — has resigned.
A successor has not been named.
According to a federal filing, the company and its independent accountant had a disagreement over the accounting treatment for warrants issued in August 2003.
Loudeye said that it agreed to account for the warrants according to PwC’s views.
COTELLIGENT HIRES ROWBOTHAM: San Francisco-based Cotelligent, a provider of mobile solutions and Web services, said that it hired Rowbotham & Co. as its independent auditor after dismissing Big Four firm KPMG.
According to an 8-K filed with the Securities and Exchange Commission, the company didn’t say why it had decided to dismiss KPMG.
Cotelligent’s most recent Form 10-K, filed in April, identified a reportable condition in internal control that it considered to be a material weakness during its audit of Cotelligent’s financial statements for the fiscal year ended Dec. 31, 2003.
KPMG’s reports on Cotelligent’s financial’s for the past two fiscal years contained no further adverse opinion or disclaimer of opinion, and weren’t qualified or modified as to uncertainty, audit scope or accounting principle, the filing said.
