McCormick (MKC) Replaced Ernst And Young With KPMG As Auditor

McCormick (NYSE: MKC) removed Ernst & Young as its independent auditor following independence concerns tied to the planned Unilever Foods deal. The company appointed KPMG as its new external auditor to oversee financial reporting after the anticipated Unilever Foods transaction. Ernst & Young had served as McCormick's long term audit firm before being replaced in connection with the Unilever Foods integration plan. The auditor switch linked to the Unilever Foods transaction should not be the...