Life Partners Holdings (LPHI) Independent Auditor Resigns
Life Partners Holdings, Inc. (NASDAQ: LPHI) announced today that it has been advised by Eide Bailly LLP that the firm has resigned as the Company's independent registered public accounting firm effective January 13, 2010.
The decision to change auditors was not the result of any disagreements between the Company and Eide Bailly on any matter of accounting principles or practices, financial statement disclosures, or auditing scope or procedure.
"We commend Eide Bailly for their professionalism and hard work during their tenure and have enjoyed working with them," said Tad Ballantyne, Chairman of the Audit Committee.
The Company is conducting a thorough and immediate evaluation involving discussions with several highly experienced accounting firms and expects to announce Eide Bailly's successor within the next few weeks. Eide Bailly has assured the Company that they will assist in making a seamless transition to the firm ultimately chosen by the Company's Audit Committee.
The Company does not anticipate the change in auditors will delay the filing of its annual report due on May 14, 2010.
Create E-mail AlertRelated Categories
Corporate NewsStocks Mentioned
+0.04Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
