The board of directors of
The board made the decision after the firms 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.
"We appreciate the professionalism of Arthur Andersen over the years, and look forward to our new relationship with KPMG," Robert Matza, Neuberger chief operating officer, said in a statement.
Other fund complexes have recently replaced Andersen as their independent auditor, including
