Fiberstars Dismisses PwC: Fiberstars, a Fremont, Calif.-based manufacturer and marketer of fiber optic lighting systems, dismissed Big Four firm PricewaterhouseCoopers as its independent accountant, and hired Grant Thornton as its successor.
According to a federal filing, there were no disagreements between PwC and the client over any accounting matters, and no reason was given for the change of auditors.
MTI Technology, KPMG Part Ways: MTI Technology, a data storage provider, has dismissed KPMG as its auditor, according to an 8-K filing with the Securities and Exchange Commission.
MTI subsequently hired Grant Thornton as its new independent accountant.
The filing did not state a reason for the auditor change, and did not report any disagreements between MTI and KPMG over accounting principles or practices, auditing scope or procedure.
The MTI board approved the change in auditors.
Meridian Resource Corp. Hires BDO: Oil and gas concern Meridian Resource hired BDO Seidman as its auditor after its previous independent accountant, Big Four firm Ernst & Young, declined to submit a proposal to continue as its auditor.
In June, Meridian invited several firms, including incumbent Ernst & Young, to submit proposals, according to an 8-K filing with the SEC.
The filing didn’t indicate a reason for E&Y’s declination, but the auditor’s report on Meridian’s financials for the year ended Dec. 31, 2002, indicated that there was doubt about the company continuing as a going concern.
In August, Meridian announced a $33.7 million stock placement and said that the transaction was intended to provide liquidity needed to repay senior debt and remove E&Y’s going-concern opinion.
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