Big4 Auditor Changes week ending 04/28/13

This week was shaping up to be a quiet one, until a flurry of Big4 auditor changes happened at the end of the week. Fresh off the KPMG debacle, Skechers wasted little time finding new auditors, engaging BDO.

Fortune 500 company Las Vegas Sands lost their auditor after PwC declined to stand for reappointment.  Las Vegas Sands owns and operates a number of casinos in the U.S. and Asia, including the Venetian Resort Hotel Casino on the Las Vegas strip. It’s not clear why PwC walked away, but the 8-K makes it sound like the feeling was mutual.  Las Vegas Sands paid more than $4 million in audit fees alone to PwC for 2012.  With fees like that, I’m sure there plenty of other firms eager to get in on the action.

And lastly, Premiere Global Services…Premiere Global Services…where have I heard that name?  Oh yeah, it’s that conference call company.  You know the one, “your conference is already in session, at the tone, you will be the…third caller.” Premier dropped E&Y and engaged KPMG. Best of luck KPMG.

Filing Date Company Location Old Auditor New Auditor Dismissal / Resignation
4/22/2013 Premiere Global Services, Inc. GA Ernst & Young LLP KPMG LLP Dismissal
4/22/2013 Enzo Biochem, Inc. NY Ernst & Young LLP EisnerAmper LLP Dismissal
4/25/2013 Skechers U.S.A., Inc. CA KPMG LLP BDO USA, LLP Resignation
4/25/2013 Plymouth Opportunity REIT, Inc. MA KPMG LLP Braver PC Dismissal
4/26/2013 Jeffries Group LLC NY Deloitte & Touche LLP Pricewaterhouse Coopers LLP Dismissal
4/26/2013 Streamline Health Solutions, Inc. GA BDO USA LLP KPMG LLP Dismissal
4/26/2013 Las Vegas Sands Corp. NV Pricewaterhouse Coopers LLP Resignation
4/26/2013 Universal Truckload Services, Inc. MI KPMG LLP BDO USA, LLP Dismissal

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

Round and round and round…


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