WILLIAMS HIRES MCGLADREY & PULLEN: Williams Industries Inc., a Falls Church, Va.-based holding concern for steel and concrete construction products, named McGladrey & Pullen LLP as its new auditor, according to a federal filing.
McGladrey succeeds Aronson & Co. as Williams’ auditor. Aronson was dismissed in March.
No reason was given for the change in auditors. According to the filing, there were no disagreements with Aronson on any matters of accounting principles or practices, financial statement disclosure, or auditing scope or procedure.
TECHLABS NAMES WEBB & CO.: Knoxville, Tenn.-based Techlabs dismissed auditor Vantrease & Follis PLLC and hired Webb & Co. PA as its successor.
According to a form filed with the Securities and Exchange Commission, Techlabs did not disclose a reason the change.
There were no disagreements between Techlabs and V&F on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure. However, in its 2002 financials, the auditor raised a going-concern doubt about the company.
EGAIN DISMISSES E&Y: EGain Communications, a customer-service software provider, jettisoned Big Four firm Ernst & Young as its independent accountant and hired BDO Seidman as its replacement.
In a filing with the SEC, the company said that the change in auditors was approved by its audit committee in late March.
EGain said that it had no accounting disagreements with E&Y, but said that the auditor raised substantial doubt about the company’s ability to continue as a going concern in the company’s financial statements for the years ended June 30, 2003, and June 30, 2002.
SYMBOL TECHNOLOGIES CANS DELOITTE: Following a disagreement over accounting treatments, Symbol Technologies, a Holtsville, N.Y.-based manufacturer of scanning devices for bar codes, dismissed Big Four auditor Deloitte & Touche.
In an SEC filing, Deloitte said that it had discovered material weaknesses related to the manner in which the company processed transactions to record revenue. The accounting firm also reported deficiencies in the company’s decentralized accounting structure for the U.S., as well as in its processes for identifying complex non-standard transactions, including restructurings and acquisitions; and inadequate hiring of qualified and experienced personnel.
Symbol Technologies subsequently hired Ernst & Young as its new independent accountant.
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