UPDATE 1-Delphi hires Ernst & Young as auditor for 2006
(Adds details on change, background, changes dateline.
Previous dateline SAN FRANCISCO)
DETROIT, Dec 13 (Reuters) - Auto parts maker Delphi
Corp., which filed for U.S. bankruptcy protection in
October, on Tuesday said it hired Ernst & Young LLP to serve as
its auditor for 2006, replacing Deloitte & Touche.
Delphi in June restated financial results back several
years after completing a probe into accounting improprieties, a
scandal that drained experience at the top of the company in
the months before it filed for Chapter 11 protection from
creditors.
The parts maker chose Ernst & Young after a bidding process
because of its experience auditing large auto parts suppliers
and reorganizing companies, Delphi said. The selection requires
bankruptcy court approval.
The change was not the result of any disagreement between
Delphi and Deloitte on any matter of accounting principles,
practices, financial statement disclosure, or auditing scope or
procedure, or a decision by Deloitte to resign or refuse to
stand for re-election, Delphi said.
Deloitte's authorization as Delphi's 2005 auditor is
pending before the bankruptcy court, Troy, Michigan-based
Delphi said.
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