Winston-Salem, N.C. (Sept. 14, 2004) — Consumer favorite Krispy Kreme Doughnuts Inc. said that its auditor, Big Four firm PricewaterhouseCoopers, has refused to complete a review of the company's financials for the latest quarter until an outside law firm hired by the Krispy Kreme board is finished with "certain additional procedures" requested by the audit firm.
According to The Wall Street Journal, the doughnut operator and franchisor said that the procedures were related to an acquisition made during the company’s last fiscal year.
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