Big4 Auditor Changes week ending 13 Jul 2014

The KPMG acquisition of Rothstein Kass accounts for most of the Big4 auditor changes this week. KPMG also picked up a former EY client, Ventas. Turns out Ernst & Young had an independence issue because of an “inappropriate relationship” between the EY audit partner, and a Ventas employee in a financial reporting oversight role. If you give the 8-K a read, you get the feeling Ventas isn’t happy about the need to go back and have two years re-audited.

Here’s the list:

Filing Date Company Location Old Auditor New Auditor Dismissal / Resignation
7/7/2014 Fusion Telecommunications International, Inc. NY Rothstein Kass & Company, P.C. KPMG LLP Resignation
7/7/2014 Chart Acquisition Corp. NY Rothstein Kass & Company, P.C. KPMG LLP Resignation
7/7/2014 Committed Capital Acquisition Corporation II NY Rothstein Kass & Company, P.C. KPMG LLP Resignation
7/7/2014 Global Defense & National Security Systems, Inc.   Rothstein Kass & Company, P.C. KPMG LLP Resignation
7/7/2014 The Swiss Helvetia Fund, Inc. NY Deloitte & Touche LLP Pricewaterhouse Coopers LLP Dismissal
7/7/2014 Teucrium Commodity Trust VT Rothstein Kass & Company, P.C. KPMG LLP Resignation
7/8/2014 Starboard Resources TX Rothstein Kass & Company, P.C. KPMG LLP Resignation
7/8/2014 Greif, Inc. OH Ernst & Young LLP Resignation
7/9/2014 Full Circle Capital Corporation NY Rothstein Kass & Company, P.C. KPMG LLP Resignation
7/9/2014 Ventas, Inc. IL Ernst & Young LLP Dismissal
7/11/2014 Ventas, Inc. IL Ernst & Young LLP KPMG LLP Dismissal
7/11/2014 TRI Pointe Homes, Inc. CA KPMG LLP Ernst & Young LLP Dismissal
7/11/2014 Vasomedical, Inc. NY Rothstein Kass & Company, P.C. KPMG LLP Resignation
           

Thanks for stopping by and taking a spin on the Carousel. Readership continues to increase, which means we must be doing something right! See you again soon.

Round and round and round…

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One Response to Big4 Auditor Changes week ending 13 Jul 2014

  1. Pingback: Round and round and round… | Big4 Auditor Carousel

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