Big4 Auditor Changes week ending 12 Apr 2015

Foundation Medicine is being acquired by Roche. EY resigned this week as Foundation’s auditor because, “Ernst & Young performs certain non-audit services for Roche…and, as such, has determined that it may cease to qualify as “independent” from the Company.”  Audits are nice, but consulting is less risky and more profitable. Easy decision for EY.

Filing Date Company Location Old Auditor New Auditor Dismissal / Resignation
4/7/2015 Astrotech Corporation TX Ernst & Young LLP BDO USA LLP Dismissal
4/7/2015 Independence Contract Drilling, Inc. TX Pricewaterhouse Coopers LLP BDO USA LLP Dismissal
4/7/2015 Foundation Medicine, Inc. MA Ernst & Young LLP KPMG LLP Resignation

If you’re interested in auditor changes beyond the Big4, check out our sister site The Auditor Carousel. You can follow us on Twitter as well for additional commentary.

Round and round and round…

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