"While we are disappointed by Deloitte's decision not to be part of that process, we are certain that our decision to interview other auditing firms serves the best interest of our shareholders," says Dennis Gershenson, president and CEO. "The company will announce the engagement of a new independent auditor as soon as the audit committee concludes the selection process."
Ramco-Gershenson said there were no unresolved disagreements with Deloitte & Touche on accounting principles or practices, disclosures or auditing procedures. In a Form 8-K filing with the Securities and Exchange Commission on Friday, the company said Deloitte & Touche's reports about its financial statements for the past two fiscal years did not include an adverse opinion or opinion disclaimer.
The locally based REIT has a total portfolio of 80 properties, all but one of which are community shopping centers.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
