Big4 Auditor Changes week ending 03/02/13

Again this week, we saw each Big4 audit firm involved in some sort of auditor change.  PwC grabbed PPG Industries from Deloitte through a competitive bid process involving, “four national accounting firms.” PPG had revenues in excess of $15 billion during 2012 and represents a big client win for PwC.

KPMG picked up two clients from E&Y, while losing one to non-Big4 Crowe Horwath. E&Y resigned as auditor of Saba Software, effective upon completion of a restatement.  Restatements are never fun, neither for auditor nor client. In this case, E&Y is going to clean up the mess, then hand off to KPMG.

Here’s the full list:

Filing Date Company Location Old Auditor New Auditor Dismissal / Resignation
2/26/2013 PPG Industries, Inc. PA Deloitte & Touche LLP PricewaterhouseCoopers LLP Dismissal
2/27/2013 Merchants Bancshares, Inc. VT KPMG LLP Crowe Horwath (HK) CPA Dismissal
2/27/2013 Webster Financial Corporation CT Ernst & Young LLP KPMG LLP Dismissal
3/1/2013 Saba Software, Inc. CA Ernst & Young LLP KPMG LLP Resignation

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Thanks for stopping by and checking out the Big4 Auditor Carousel.  See you again next week for all the latest information involving Big4 auditor changes.

Round and round they go…


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