Snowball Grows: 90 Public Companies Leave Andersen This Week
The numbers are growing.
Over 400 public companies have fired Andersen and switched to other CPA firms since the beginning of the year. Twenty percent of those defected this week alone.
According to Forbes Magazine, over $1 billion in billings have walked out the door of Andersen since January 1 - and that is just from public companies.
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:
... Health Care Property Investors Inc., Colgate-Palmolive Co., Roper Industries Inc., VSE Corp., Noble Energy Inc., ValueVision International Inc., TTM Technologies Inc., Costco Wholesale Corp., Mikohn Gaming Corp., Asbury Automotive Inc., Sinclair Broadcast Group Inc., First Financial Bankshares Inc., Urstadt Biddle Properties Inc., Crown American Realty Trust, NorthWestern Corp., Manatron Inc., Dole Food Co., Butler Manufacturing Co., Viasys Healthcare Inc., Urologix Inc., WGL Holdings Inc., MSC Industrial Direct Co., E.piphany Inc., Seacoast Financial Services Corp., XO Communications Inc., TeleTech Holdings Inc., Quinton Cardiology Systems Inc., Three-Five Systems Inc., OGE Energy Corp., Friendly Ice Cream Corp., 1-800 Contacts Inc., UnitedHealth Group Inc., Synthetech Inc., Deltek Systems Inc., PC-Tel, Inc., NS Group, Inc., Monarch Cement Co., Rentrak Corp., Mirant Corp., Liz Claiborne Inc., Acxiom Corp., Digex Inc., Alliance Gaming Corp., First Tennessee National Corp., Wilsons The Leather Experts Inc., American National Bankshares Inc., Corrections Corp. of America, Port Financial Corp., Emcor Group Inc., Digex Inc., MGM Mirage, Mandalay Resort Group, TiVo Inc., WorldCom Inc., American Community Properties Trust, Independent Bank Corp., Bio-Technology General Corp., Paul Mueller Co., Coventry Health Care Inc., Startec Global Communications Corp., Hibbett Sporting Goods Inc., Mid-State Bancshares, WJ Communications Inc., Stone Energy, PCTel Inc., Eden Bioscence Corp., DMI Furniture Inc., Education Management Corp., Electro Scientific Industries Inc., Vastera Inc., Fairchild Corp., Exact Sciences Corp., TradeStation Group Inc., Bassett Furniture Industries Inc., Poore Brothers Inc., Meridian Bioscience Inc., BroadVision Inc., USG Corp., Wright Medical Group Inc., American States Water Co., Artesyn Technologies Inc., First Investors Financial Services Group Inc., Caldera International Inc., HON Industries Inc., New Century Equity Holdings Corp., Chattem Inc., Kaydon Corp., MPhase Technologies Inc., Intelligent Systems Corp., Manatron Inc., Headwaters Inc.
Voice of the Editor
Which isn’t completely true. I mean, occasionally I drop by when I manage to sneak out of the nonstop frat party over at Going Concern, but I’m mostly a wallflower over there. I’m happy to say that I’ve been given express permission (or explicit orders, if you like) to wander over here to AccountingWEB more often.
Why is that, you might ask? My job is to replace the irreplaceable Gail Perry as Editor-in-Chief. What does that mean? I don’t really know! I think it’ll be fun getting a feel for things, throwing in my own thoughts here and there, and listening to the discussions you’re having about the accounting profession.