Big4 Auditor Changes week ending 05/26/13

As we head into the long holiday weekend, I’ll start off by expressing gratitude for those who have given all in the service of their country.  Thank you.

Now on to business. Until Grant Thornton butted in on Friday, all the changes this week had been one Big4 firm swapped for another. PwC decided to pick up the Herbalife mess left behind by KPMG.  There was some concern over non-audit services performed by PwC in past years, but everyone seems to be over that, and PwC was engaged.

Fortune 500 company Las Vegas Sands lost PwC as auditor in April, and this week engaged Deloitte. Things seem a bit messy there as well.

Here’s the complete list:

Filing Date Company Location Old Auditor New Auditor Dismissal / Resignation
5/20/2013 BRE Select Hotels Corp NY Ernst & Young LLP
5/21/2013 Herbalife Ltd. Cayman Islands KPMG LLP Pricewaterhouse Coopers LLP Resignation
5/21/2013 Dex Media, Inc. TX KPMG LLP Ernst & Young LLP Dismissal
5/24/2013 Las Vegas Sands Corp. NV Pricewaterhouse Coopers LLP Deloitte & Touche LLP Resignation
5/24/2013 Dynacast International Inc. NC Deloitte & Touche LLP Grant Thornton LLP Dismissal

Before the usual wrap up, I’ll give a shout out to footnoted* and the running #fridaynightdump twitter commentary.  Just discovered it today and think it’s worth sharing.  Thank goodness someone is willing to go through every SEC filing and highlight the interesting stuff.

Enjoy the weekend and tune in again next week for more from the Big4 Auditor Carousel.

Round and round and round…





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