Clown-Free Zone... sorry, no clowns allowed Message Board

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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Box-By-The-Riviera™ who wrote (154125)	3/1/2002 2:31:37 PM
From: Ken98	of 436258

<<Merck Dumps Andersen as Auditor WHITEHOUSE STATION, N.J. (Reuters) - Pharmaceutical giant Merck & Co. Inc. (NYSE:MRK - news) on Friday said it had dropped Andersen as its auditor, ending a 30-year association, in a fresh blow to the embattled Big Five accounting firm. Merck is the first major blue-chip company to replace Andersen in the wake of its role in the Enron (NYSE:ENE - news) scandal. Andersen audited the collapsed energy trader's books and faces lawsuits from angry investors. Merck said its board dumped Andersen, which has already lost clients such as SunTrust Banks Inc. (NYSE:STI - news), after ''careful consideration.'' It hired No. 1 accounting firm Pricewaterhousecoopers as its outside auditor for this year, subject to shareholders approval.>>

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