Big4 Auditor Changes week ending 06/02/13

It was a strong week for PwC, picking up a couple of significant clients. CardinalHealth spinoff CareFusion selected PwC through a competitive bid process.  PwC also wrestled Powershares DB away from KPMG. Powershares offers a number of ETFs including currency and commodity focused funds.

Not such a great week for E&Y. Not only did they lose the aforementioned CareFusion, but also Lawson Products. Of note is that both companies put out to bid, and in both cases, E&Y came out the loser.

Here’s the entire list:

Filing Date Company Location Old Auditor New Auditor Dismissal / Resignation
5/29/2013 CareFusion Corporation CA Ernst & Young LLP PricewaterhouseCoopers LLP Dismissal
5/30/2013 NY KPMG LLP PricewaterhouseCoopers LLP Dismissal
5/30/2013 NY KPMG LLP PricewaterhouseCoopers LLP Dismissal
5/30/2013 Powershares DB Commodity Index Tracking Fund NY KPMG LLP PricewaterhouseCoopers LLP Dismissal
5/30/2013 Powershares DB G10 Currency Harvest Fund NY KPMG LLP PricewaterhouseCoopers LLP Dismissal
5/31/2013 Lawson Products, Inc. IL Ernst & Young LLP BDO USA, LLP Dismissal

Big4 Auditor Carousel has been publishing for a while now.  Love to hear from you with any comments you have on the site. We do our best to bring you the most relevant and accurate information about auditor changes, but are always looking for ways to do better.  Go ahead, leave a comment below.

Round and round and round…

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