New York (Dec. 9, 2002) -- Big Four firm Deloitte & Touche resigned as auditor to Newport, Calif.-based online ticker broker Tickets.com Inc., citing a business transaction involving affiliates of Tickets.com's largest shareholder.Tickets.com subsequently hired PricewaterhouseCoopers as its new independent auditor.

According to a Securities and Exchange Commission filing, affiliates of the client’s largest shareholder agreed to buy a majority stake in a concern that would be an associated entity of a D&T member firm in the United Kingdom. Deloitte told the client that the deal would compromise independence. Deloitte had succeeded Andersen as auditor to Tickets.com on June 6.

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

Don't have an account? Register for Free Unlimited Access