Big4 Auditor Changes week ending 12/23/12

The holiday season doesn’t seem to have slowed down the number of auditor changes on the Big4 Auditor Carousel at all.  Medical giant Abbott Laboratories dismissed Deloitte this week in favor or E&Y.  For an account the size of Abbott, a transition to new auditors can’t be easy, and will likely take some adjustment, both by client and auditor.  In case you were wondering, AbbVie is an Abbott spinoff, which also happens to be dropping Deloitte in favor of E&Y.  It wasn’t all losses this week for Deloitte, though. They picked up lawnmower engine maker Briggs & Stratton from PwC.

The other company on the list this week with name recognition is Rent-A-Center, which moved into Big4 territory, switching from GrantThornton to KPMG.

Though KPMG and Deloitte picked up decent sized clients this week, Ernst & Young is the clear winner picking up a Fortune 100 company.  If Deloitte took one on the chin when they lost Abbott, PwC took a couple good body blows losing Briggs & Stratton and Brooks Automation.

Here’s this weeks complete list of Big4 auditor changes:

Filing Date Company State Old Auditor New Auditor Dismissal / Resignation
12/18/2012 Brooks Automation, Inc. MA PricewaterhouseCoopers LLP BDO USA, LLP Dismissal
12/19/2012 General Steel Holdings, Inc. PricewaterhouseCoopers Zhong Tian CPAs Limited Company Friedman LLP Dismissal
12/19/2012 Dawson Geophysical Company TX KPMG LLP Ernst & Young LLP Dismissal
12/19/2012 Cape Bancorp, Inc NJ KPMG LLP Crowe Horwath LLP Dismissal
12/19/2012 Rent-A-Center, Inc. TX Grant Thornton LLP KPMG LLP Dismissal
12/20/2012 Abbott Laboratories IL Deloitte & Touche LLP Ernst & Young LLP Dismissal
12/20/2012 AbbVie Inc. IL Deloitte & Touche LLP Ernst & Young LLP Dismissal
12/21/2012 Briggs & Stratton Corporation WI PricewaterhouseCoopers LLP Deloitte & Touche LLP Dismissal
12/21/2012 Sandy Spring Bancorp, Inc. MD Grant Thornton LLP Ernst & Young LLP Dismissal
12/21/2012 Prothena Corporation plc CA KPMG, Dublin, Ireland KPMG LLP Resignation

Traffic on the Big4 Auditor Carousel website is growing steadily, so we’ll take that as an indication that the information we provide is useful.  Thank you for visiting. While some traffic comes from web search, many visitors come through word of mouth (aka forwarding a link to a friend). If you find the information here useful, feel free to do likewise.  Don’t forget, you can subscribe to Big4AuditorCarousel by clicking on the “Follow” button to the right.

Merry Christmas to all!

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: