Big Six Firms Are Firing Clients

Last August, Daniel Cargile, president and chief executive officer of Tehama County Bank, based in Red Bluff, Calif., took a call from a partner at Ernst & Young, a Big Six accounting firm that had been auditing the bank's books. Cargile thought he had little to worry about. His bank was doing fine and had lots of excess capital, which was why he was startled to learn the reason for the call. E&Y didn't want to audit the bank anymore. "As we say around here, our accountants fired us," Cargile says.

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