MutualFundWire.com
   The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
Thursday, December 9, 2004 Schwab Funds Opt for D&T Charles Schwab's Excelsior funds has hired a new auditor, reports the Wall Street Journal. Deloitte & Touche landed the job after the fund family fired Ernst & Young in late October over concerns that the audit firm's independence was compromised. Although Deloitte will re-audit financial results for periods ending March 31, 2004 and October 31, 2003, the funds' trustees determined that the results were not affected by the questions of independence. Printed from: MFWire.com/story.asp?s=8593 Copyright 2004, InvestmentWires, Inc. All Rights Reserved |