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Stock Market & Financial Investment News

News Breaks
May 14, 2014
07:53 EDTTWGPTower Group dismisses PwC, approves BDO as new accounting firm
Tower Group disclosed in a regulatory filing that on May 9 its Audit Committee dismissed PricewaterhouseCoopers as the company’s independent registered public accounting firm. "PwC’s reports on the consolidated financial statements of the company as of and for the years ended December 31, 2013 and 2012 did not contain any adverse opinion or disclaimer of opinion, nor were they qualified or modified as to uncertainty, audit scope, or accounting principles except that the reports of PwC on the company’s financial statements as of and for the years ended December 31, 2013 and 2012 contained an explanatory paragraph which noted that there was substantial doubt as to the company’s ability to continue as a going concern," Tower Group stated. In a letter from PwC, dated May 13, attached in the filing, the accounting firm stated: "We agree with the statements concerning our Firm in such Form 8-K except with respect to the date of our dismissal. When we were informed of the auditor change on May 5, 2014, we were not informed that our dismissal was subject to any subsequent action by the company." Tower also disclosed that its Audit Committee approved the engagement of BDO as the company’s independent registered public accounting firm beginning with its first quarter ending March 31.
News For TWGP From The Last 14 Days
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September 15, 2014
09:20 EDTTWGPACP Re completes Tower Group acquisition
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09:16 EDTTWGPOn The Fly: Pre-market Movers
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September 12, 2014
18:56 EDTTWGPTower Group, ACP Re, Ltd. receive all regulatory approvals for merger
ACP Re, Ltd. and Tower Group International announced that ACP Re has received all regulatory approvals required in connection with its previously announced acquisition of Tower. Each of ACP Re and Tower expects to close the merger on the morning of Monday, September 15.

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