Edgar Online Dumps KPMG: Edgar Online, a provider of public company financial information filed with the Securities and Exchange Commission, jettisoned Big Four firm KPMG as its auditor and hired BDO Seidman.
Edgar Online said that there were no disagreements with KPMG on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedures. The company added that the auditor’s reports for the previous two years did not contain any adverse opinion or any disclaimer of opinion regarding uncertainty, audit scope or accounting principles.
E&Y Resigns as EXegenics Auditor: Big Four firm Ernst & Young has resigned as independent accountant to Dallas-based biotech concern EXegenics. The company said that a search is underway for a replacement, and that the firm’s decision to resign wasn’t influenced by any disagreements with management or its financial statements.
Teletouch Appoints BDO Seidman: Teletouch Communications Inc., a provider of paging services throughout Southern U.S. markets, has retained national firm BDO Seidman as its auditor, replacing Ernst & Young.
In July, when Teletouch began soliciting proposals for an auditor for fiscal 2004, then-incumbent E&Y declined to participate. Last month, the firm sent Teletouch a letter terminating their relationship. The company said that there were no disagreements with E&Y on accounting principles or practices, financial statement disclosure, or auditing scope or procedures.
Cobra Dismisses D&T: Cobra Electronics Corp., a Chicago-based marketer of two-way communications, canned Big Four firm Deloitte & Touche as its auditor and named Grant Thornton as its replacement, according to an 8-K filing with the SEC. The filing did not list a reason for the auditor change. Cobra reported no disagreements with Deloitte & Touche on any matter of accounting principles or practices.
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