CB Richard Ellis has dismissed Deloitte as its auditor.
In a filing to the US Securities & Exchange Commission CBRE said it had notified Deloitte on 12 March and appointed KPMG in its place.
It stressed there was nothing untoward in the change: ‘(ii) Deloitte’s report on the company’s financial statements for the past two years ended December 31 2007 and 2006 did not contain an adverse opinion or a disclaimer of opinion, and was not qualified or modified as to uncertainty, audit scope, or accounting principles.
‘During the company’s two most recent fiscal years ended December 31 2007 and 2006 and through March 11 2008, the company did not have any disagreements with Deloitte on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreements, if not resolved to the satisfaction of Deloitte, would have caused it to make reference to the subject matter of the disagreements in connection with its report.’
The appointment of KPMG came after CBRE’s audit committee decided to undertake a competitive process to determine its auditor for the 2008 calendar year.