Auditor Changes Week Ending 10/21/12

It looked like it would be a quiet week until Barnes & Noble switch auditors to E&Y on Friday.  The filing says the change is the result of a “competitive process.”  This has got to be a blow for BDO, though they still have a solid stable of audit clients.  Still, no audit firm is happy when Fortune 500 clients leave.

Filing Date Company State Old Auditor New Auditor Dismissal / Resignation
10/19/2012 BARNES & NOBLE, INC. NY BDO USA LLP Ernst & Young LLP

Dismissal

There are always going to be companies who go the RFP route in search of greener pastures. As the economy continues to struggle, it will be interesting to see if more Audit Committees put their audit out for bid.

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