Washington (May 7, 2002) -- Despite its proxy statement saying it would retain Big Five firm Andersen as its auditor, lodging conglomerate Marriott International became the latest blue-chip client to dismiss the embattled firm.
Marriott named Big Five rival Ernst & Young as its successor. Marriott had stated in a March proxy statement that it would keep Andersen— its auditor for some 43 years.
Bethesda, Md.-based Marriott paid $9.12 million in auditing fees to Andersen last year.
Marriott however, said E&Y would perform auditing work only, and not consulting services.
-- Electronic Accountant Newswire staff
