Big4 Auditor Changes week ending 02/24/13

Big 4 audit firms continue to trade clients amongst themselves. This week, no 2nd tier CPA firms wormed their way in. E&Y picked up 2 clients from Deloitte.  PwC grabbed one from KPMG.

SciClone announced they’d be restating periods dating back to 2011. Just a few days earlier, E&Y let them know they wouldn’t be standing for reappointment.  To be clear, E&Y is going to finish the 2012 audit.  In these situations, it’s best to wrap everything up before walking away. Who knows what another firm would find if brought in to clean up an already messy situation.

Filing Date Company Location Old Auditor New Auditor Dismissal / Resignation
2/22/2013 SciClone Pharmaceuticals, Inc. CA Ernst & Young LLP Resignation
2/22/2013 Kaman Corporation CT KPMG LLP PricewaterhouseCoopers LLP Dismissal
2/22/2013 SM Energy Company CO Deloitte & Touche LLP Ernst & Young LLP Dismissal
2/22/2013 Cryolife, Inc. GA Deloitte & Touche LLP Ernst & Young LLP Dismissal

Thanks for stopping by and taking a ride on the Big4 Auditor Carousel.  You can have updates automatically emailed to you by clicking the “Follow” button to the right.

See you next week!

 

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