ATG Drops Arthur Andersen

Art Technology Group Arthur Andersen Ernst and Young

An ATG spokeswoman declined to comment on whether the decision stemmed from Andersen's mounting legal troubles, including federal obstruction of justice charges, in connection with the financial collapse of energy giant Enron.

In the SEC filing, dated April 1, ATG said it didn't find any discrepancies with Andersen's accounting and auditing work for the company. "Arthur Andersen's reports on ATG's consolidated financial statements for the years ended 2000 and 2001 did not contain any adverse opinion or disclaimer, nor were they qualified or modified as to uncertainty, audit scope or accounting principles," the ATG filing stated.

The ATG spokeswoman said the software vendor had employed Andersen as its independent auditor since 1995. In the SEC filing, ATG said that during the years ended Dec. 31, 2000 and 2001, through April 1, 2002, "there were no disagreements with Arthur Andersen on any matter of accounting principle or practice, financial statement disclosure, or auditing scope or procedure."

ATG is one of a growing list of companies to drop Andersen as its independent auditor in the wake of the Enron debacle. In the IT arena, for example, Iomega late last month dropped Andersen as its auditor after 22 years. The storage hardware and media vendor replaced Andersen with Ernst and Young.

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