New York (March 7, 2002) - Mortgage provider Freddie Mac said it would drop Big Five firm Andersen as its auditor after a 30-year relationship, but would continue to use the firm for consulting services.
Freddie Mac replaced Andersen with Big Five rival PricewaterhouseCoopers.
In a statement, Freddie Mac said Andersen "has provided Freddie Mac with high-quality audit service since 1970."
Last week, drugmaker Merck & Co. dropped Andersen in favor of PwC and reportedly, Delta Airlines also is mulling whether to replace Andersen.
- Electronic Accountant Newswire staff
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