PricewaterhouseCoopers LLP, the accounting firm that has been handling O'Sullivan Industries' business told O'Sullivan officials Monday that it will not seek to be reappointed. The information was revealed during documents filed Friday with the Securities and Exchange Commission.
PwC's commitment to O'Sullivan will end after it completes the company's quarterly statement. O'Sullivan is looking for a new accounting firm, according to the filing.
So, last I heard, that was bad mojo when your CPA dumps you! They might dump a client for going concern issues or honesty of management concerns. THere might be more, but I can't remember and I can't remember when a CPA firm passed up on fees for no reason! What did they give as a reason?
ReplyDeleteFunny that you would word it that way, sure would like to see a quote published stating this. Or would this just be another spin from you Randy??
ReplyDeleteYa know, with spin an honest journalism like that, it's a wonder you couldn't keep that prestigous newspaper job in Carthage. Stick to the facts, Randy, and try earning some respect. Isn't that what you'd want your students to learn?
ReplyDeleteI'll come to Randy's defense here, he does add his own opinions to his posts, but it is his Blog isn't it.
ReplyDeleteThe info is there for the reading, it's no secret. Here's a link.
http://www.sec.gov/Archives/edgar/data/915354/000122158506000013/0001221585-06-000013-index.htm
PS
ReplyDeleteCopy and paste it into the url box.