Dial 'EY' for Audit: Verizon Chooses Ernst & Young

The newly formed Verizon Communications has chosen Ernst & Young as its accounting firm.

EY beat out Big 5 rivals PricewaterhouseCoopers and Arthur Andersen, both of whom had relationships with Bell Atlantic and GTE.

According to the SEC, however, Both PwC and Andersen will maintain independent accountant relationships with certain subsidiaries or investments of Verizon, providing audit and some non-audit services.

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