Big4 Auditor Changes week ending 18 May 2014

After just one auditor change last week, this week seems like quite a few. Maybe Change Your Auditor Week had something to do with it? Sure, we’ll take the credit.

PwC and KPMG took the brunt of the losses. The HMN Financial dismissal of KPMG was a bit awkward. According to the filing, the CFO at HMN called over to KPMG to let them know that HMN would be making an auditor change. KPMG took it to mean that they were being dismissed immediately. That’s not what HMN was thinking, but in the end, it looks like that’s what happened. You can click the HMN Financial hyperlink in the table below to read the full filing.

Here’s everything that happened this week:

Filing Date Company Location Old Auditor New Auditor Dismissal / Resignation
5/12/2014 Unified Grocers, Inc. CA Deloitte & Touche LLP Moss Adams LLP Dismissal
5/13/2014 Marina Biotech, Inc. WA KPMG LLP Wolf & Company, P.C. Dismissal
5/13/2014 Spirit Aerosystems Holdings, Inc. KS Pricewaterhouse Coopers LLP Ernst & Young LLP Dismissal
5/14/2014 Tower Group International, Ltd. Bermuda Pricewaterhouse Coopers LLP BDO USA LLP Dismissal
5/15/2014 HMN Financial, Inc. MN KPMG LLP Dismissal
5/15/2014 Illinois Power Generating Company TX Pricewaterhouse Coopers LLP Ernst & Young LLP Dismissal

We track changes beyond the Big4 on a sister site, The Auditor Carousel. Intra-week updates are posted on Twitter.

See you again next week.

Round and round and round…


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