Industry News | July 31, 2002

New World Dismisses Arthur Andersen

Email this story Email this story
Printer-friendly versionPrinter-friendly version

Read More About

New World Restaurant Group has dismissed Arthur Andersen LLP as its independent auditors. The accounting firm of Grant Thornton LLP will now serve as New World’s independent auditors.

The decision to change auditors was recommended by the Audit Committee of New World's Board of Directors and unanimously approved by the Board.

"Given our continued growth and specialized demands, we decided to retain a firm that specifically focuses on mid-market companies yet offers resources comparable to those of the largest international accounting firms," said New World Chairman and CEO Anthony Wedo. "We look forward to benefiting from the comprehensive audit and related services Grant Thornton can provide."

News and information presented in this release has not been corroborated by QSR, Food News Media, or Journalistic, Inc.