Charles Schwab's Excelsior
funds has hired a new auditor,
the Wall Street Journal
. Deloitte & Touche
landed the job after the fund family fired Ernst & Young
in late October over concerns that the audit firm's independence was compromised.
Although Deloitte will re-audit financial results for periods ending March 31, 2004 and October 31, 2003, the funds' trustees determined that the results were not affected by the questions of independence.
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