Chicago (Jan. 8, 2003) -Thomas Havey, one of the accounting industry's largest firms, is expected to reorganize into three separate firms in the wake of an accounting scandal at its District of Columbia-area operations.

Informed sources have said that Havey, based in Chicago, will break off into separate practices in the Midwest, D.C. and the West Coast as a result of guilty pleas entered in U.S. District Court by two former Havey partners for their roles in accounting fraud at the International Association of Iron Workers, a client of the firm's D.C. area practice.

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