Atlanta (Feb. 14, 2002) -- SunTrust Banks announced Tuesday that it was dropping Andersen as its auditor after 60 years.
The Atlanta-based bank said the dismissal was not related to Andersen's role in the Enron scandal.
A SunTrust spokesman said the company reviews outside service providers on a regular basis and had decided to hire PricewaterhouseCoopers to audit its books in 2002.
Andersen billed SunTrust $1.7 million in 2000 for audits and $1.4 million for other services.
-- Electronic Accountant Newswire staff
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