Xerox Replaces Accounting Firm
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Xerox Corp. replaced an accounting firm that had found fault with its management after investigating the finances of the struggling copier and printer company.
Xerox said PricewaterhouseCoopers will replace KPMG as its independent accounting firm effective Dec. 31.
KPMG said in documents Xerox filed with the Securities and Exchange Commission that its review found evidence that Xerox management “was not successful in setting the appropriate tone with respect to financial reporting.”
Shares of Xerox, based in Stamford, Conn., fell 84 cents to $7.36 on the NYSE.
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