Andersen Clients Continue to Abandon Ship
Almost 25% of Andersen's public company clients have fired the embattled Big Five firm and have hired another CPA firm.
This week, AccountingWEB has identified over 85 publicly traded clients that have announced a switch from Andersen to other auditors. This brings the total to well over 550 clients that have left.
AccountingWEB has been compiling a list of those companies that are leaving, and the other CPA firms that are picking up the business.
View Complete List of Andersen Client Defections
Public companies that have announced this week that they are leaving Andersen include:
ADC Telecommunications Inc., Alaska Air Group, AmeriGas Propane Inc., Aquila Inc., Aramark Corp., Atwood Oceanics Inc., Autobytel Inc., AVI Biopharma Inc., Axsys Technologies Inc., Banta Corp., Black Hills Corp., Capital Automotive REIT, Carriage Services Inc., Casella Waste Systems Inc., CNB Florida Bancshares Inc., CornerStone Propane, Cytogen Corp., Cytyc Corp., Dianon Systems Inc., Dura Automotive Systems Inc., Eagle Bancshares Inc., Exchange Applications Inc., Gallery of History Inc., Gardenburger Inc., Genomic Solutions Inc., Georgia Gulf Corp., Herley Industries Inc., Hilton Hotels Corp., Home Products International Inc., Host Marriott Corp., IBasis Inc., ICT Group Inc., I-Many Inc., InFocus Corp., Insci Corp., International Lottery & Totalizator Systems Inc., IRT Property Company, Ivax Corp., Johnson Outdoors Inc., Joule Inc., LaBranche & Co. Inc., Landauer, Inc., Lennox International Inc., Magellan Health Services Inc., Material Sciences Corp., National Service Industries Inc., National Vision Inc., Nextel Partners Inc., NiSource Inc., NUI Corporation, OraSure Technologies Inc., Oxford Industries Inc., Peoples Energy Corp., Pope & Talbot Inc., PrivateBancorp Inc., Private Business Inc., Quintiles Transnational Corp., Renaissance Learning, Inc., Royal Precision, Inc., St. John Knits International Inc., Seacoast Banking Corp. of Florida, ServiceMaster Co., Station Casinos Inc., Stoneridge Inc., Summa Industries Inc., Tanox Inc., Telephone and Data Systems Inc., Thomas Industries Inc., Tuesday Morning Corp., UbiquiTel Inc., UGI Corp., Universal Forest Products Inc., Urstadt Biddle Properties Inc., U.S. Cellular Corp., U.S. Concrete, Inc., U.S. Xpress Enterprises, Vail Resorts Inc., Vectren Corp., Versant Corp., Wallace Computer Services Inc., Warren Bancorp Inc., Whitney Holding Corp., Worldwide Restaurant Concepts, Inc., X-Rite Inc., XTO Energy Inc.,