WSI Dismisses E&Y as Auditor: Contract manufacturer WSI Industries Inc. has dismissed Ernst & Young and hired Minneapolis-based Schechter Dokken Kanter Andrews & Selcer Ltd. as its independent public accountant, according to a filing with the Securities and Exchange Commission.
The company said that none of Ernst & Young’s reports during the last two years contained an adverse opinion or a disclaimer of opinion, or have been qualified or modified with regard to uncertainty, audit scope or accounting principle. The firm further said that it had no disagreements with E&Y.
The audit firm furnished a letter to the SEC at WIC’s request stating that it agreed with the company’s statements.
Separately, E&Y resigned as auditor to Unifab International Inc. according to an 8-K filed with the SEC. Unifab, which provides oil-drilling equipment, said that there weren’t any disagreements with the auditor during the period of engagement.
E&Y, however, had raised doubts regarding Unifab’s ability to "continue as a going concern" on the company’s 2001 financials, according to the filing.
D&T Resigns as Ladish Auditor: Big Four firm Deloitte & Touche resigned as independent auditor for aircraft parts manufacturer Ladish Co., according to an 8-K filing with the SEC. Ladish said that Deloitte believed that there was a disagreement over the company’s method of recognition of valuation allowances against deferred tax assets.
Ladish said that Deloitte concluded that the company’s financials for the quarters ended March 31 and June 30 and for 2001, as well as for an as-yet undetermined number of prior fiscal years, would have to be restated in order to come into compliance with generally accepted accounting principles.
Ladish hired Deloitte & Touche as its independent auditor June 27.
Form 8-K filings
Agate Technologies Inc. (Newport Beach, Calif.), from Singer Lewak Greenbaum & Goldstein to Kenny H. Lee CPA Group.
American Commercial Lines (Jeffersonville, Ind.), from PricewaterhouseCoopers to Ernst & Young.
American Physicians Service Group Inc. (Austin, Texas), from KPMG to BDO Seidman.
Arizona Land Income Corp. (Phoenix), from Andersen to Epstein, Weber & Conover.
Bio-Rad Laboratories Inc. (Hercules, Calif.), from Andersen to Deloitte & Touche.
Centerpoint Corp. (New York), from Andersen to BDO Seidman.
Correctional Properties Trust (Palm Beach Gardens, Fla.), from Andersen to Ernst & Young.
CTI Industries Corp. (Barrington, Ill.), from Grant Thornton to McGladrey & Pullen.
Diversified Resources Group Inc. (Melbourne, Fla.), from HJ & Associates to Michaelson & Co.
Essential Reality Inc. (New York), from Lesley, Thomas, Schwarz & Postma to Deloitte & Touche.
FullCircle Registry Inc. (Louisville, Ky.), from Pritchett, Siler & Hardy to Chisholm & Associates.
Heritage Propane Partners/U.S. Propane (Tulsa, Okla.), from Andersen to Grant Thornton.
Insynq Inc. (Tacoma, Wash.), from Grant Thornton to Weinberg and Co.
Joy Global Inc. (Milwaukee), from PricewaterhouseCoopers to Ernst & Young.
Matritech Inc. (Newton, Mass.), from Andersen to PricewaterhouseCoopers.
Medallion Financial Corp. (New York), from Andersen to PricewaterhouseCoopers.
Micropac Industries Inc. (Garland, Texas), from Andersen to KPMG.
Novatel Wireless Inc. (San Diego), from Andersen to KPMG.
OfficeMax Inc. (Shaker Heights, Ohio), from PricewaterhouseCoopers to KPMG.
Proteo Inc. (Costa Mesa, Calif.), from Stonefield Josephson to Squar, Milner, Reehl & Williamson.
Radiant Systems Inc. (Alpharetta, Ga.), from Andersen to Deloitte & Touche.
Eleven Salomon Smith Barney Inc. Funds (New York), from PricewaterhouseCoopers to KPMG.
SL Industries Inc. (Mount Laurel, N.J.), from Andersen to Grant Thornton.
SSP Solutions Inc. (Irvine, Calif.), from KPMG to Haskel & White.
Sonic Innovations Inc. (Salt Lake City, Utah), from Andersen to KPMG.
Stronghold Technologies Inc. (Hasbrouck Heights, N.J.), from Rogoff & Co. to Rothstein Kass & Co.
Telebyte Inc. (Greenlawn, N.Y.), from Grant Thornton to Holtz Rubenstein & Co.
Ultralife Batteries Inc. (Newark, N.Y.), from Andersen to PricewaterhouseCoopers.
Venture Lending & Leasing Inc. (San Jose, Calif.), from Andersen to Deloitte & Touche.
Video Network Communications Inc. (Portsmouth, N.H.), from Ernst & Young to Deloitte & Touche.
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