The Enron Scandal - Unmoderated Message Board

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Non-Tech : The Enron Scandal - Unmoderated

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To: KLP who wrote (1840)	3/1/2002 2:09:22 PM
From: stockman_scott	of 3602

Merck dumps Andersen as auditor, hires Pricewaterhouse Friday March 1, 1:52 pm Eastern Time WHITEHOUSE STATION, N.J., March 1 (Reuters) - Pharmaceutical giant Merck & Co. (NYSE:MRK - news) said on Friday it dropped Andersen as its auditor after 30 years, in a fresh blow to the embattled Big Five accounting firm. Merck, which said it has hired No. 1 accounting firm Pricewaterhousecoopers as its new auditor, is the latest company to replace Andersen in the wake of its role in the Enron scandal. Merck said its board dumped Andersen, which has been recently losing top flight clients, after ``careful consideration.'' Andersen has served as Merck's auditor since 1971.

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