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Symbol Technologies Dismisses Deloitte

Ernst & Young LLP will replace Deloitte & Touche LLP - subject to shareholder approval.

> > The law firm Bernstein Litowitz Berger & Grossmann LLP has filed a suit against Deloitte, in federal court, alleging that the auditor "knowingly or recklessly issued false and misleading audit reports" of Symbol.
Symbol, which is being investigated for its accounting practices for 5 years beginning in 1998, gave no reason for dismissing Deloitte. Symbol stressed in a filing with the SEC that audit reports made by Deloitte for the 2002 and 2003 years did not contain an adverse opinion or a disclaimer of opinion and "were not qualified or modified as to uncertainty, audit scope, or accounting principles."

Source: CFO


Published:2004-04-05
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