The board of directors of Neuberger Berman announced today that it has replaced Arthur Andersen as the firm’s independent auditor with KPMG.

The board made the decision after the firm’s executives and audit committee conducted an extensive review of Andersen, the company announced. The company made no reference to the Enron scandal or the U.S. Department of Justice March 14 indictment of the accounting firm. On the contrary, Neuberger Berman said the decision was not the result of any disagreement with Andersen or question of accounting principles or practices.

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