Charles Schwab's Excelsior funds has hired a new auditor, reports 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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