TIAA-CREF Taps PwC

Published March 07, 2005, 12:00 a.m. EST

1 Min Read

Ending its competitive bidding process, retirement services provider TIAA-CREF appointed Big Four firm PricewaterhouseCoopers as its auditor for its 2005 fiscal year. PwC succeeds Ernst & Young as the company's independent accountant. Separately, TIAA-CREF said that Martin Gruber resigned as a trustee of the College Retirement Equities Fund and the TIAA-CREF Funds. Gruber's resignation marked the third resignation of a trustee over the past several months, after regulators launched an inquiry into E&Y's independent relationship with the benefits provider. Two former trustees, William H. Waltrip and Stephen H. Ross, resigned Nov. 30 after a conflict of interest with E&Y was discovered. Ernst will complete CREF's 2004 audits. TIAA-CREF said that it expects no qualified opinions or disagreements on accounting matters with E&Y.

Processing Content

For reprint and licensing requests for this article, click here.

Regulatory actions and programs

MORE FROM ACCOUNTING TODAY

Technology

Treasury proposes GENIUS Act rules on who can sell stablecoin

The Treasury Department issued a notice of proposed rulemaking on implementing a section of the GENIUS Act on who can sell digital assets pegged to a fiat currency like the U.S. dollar.

By Michael Cohn
Editor-in-chief, AccountingToday.com

2h ago
Technology

Check your tech stack for AI training leaks

Tech stacks may be leaking more information than firms realize due to terms and conditions that give vendors permission to access and use it how they see fit.

By Chris Gaetano
Technology Editor

3h ago
Practice management

EY sets up Career Residency Program

Ernst & Young has enhanced its internship program, combining real-world work experience with coaching and future-focused skills development.

By Michael Cohn
Editor-in-chief, AccountingToday.com

5h ago
Accounting

Firm files patent on service contract and warranty accounting

Kerper Bowron LLC filed U.S. and international patent applications for the Kerper-Bowron Method of forecasting liabilities for warranties and service contracts.

By Michael Cohn
Editor-in-chief, AccountingToday.com

7h ago
Accounting

D.C. mayor signs pathways bill

Washington, D.C. Mayor Muriel Bowser signed a bill to establish an alternative path to CPA licensure. The legislation must now undergo a 30-day congressional review, after which it will become law.

By Paige Hagy
Reporter

7h ago
Technology

Rogue agents: When AI won't listen

AI specialists share their experiences with an AI agent doing something they did not want it to do — and how they fixed it.

By Chris Gaetano
Technology Editor

9h ago

Load More