No Skeeball For You, Uncle Ernie: Dave and Buster's Fires Ernst & Young Auditors
Get back in your cube, you're fired!
Whuzza? Who gets the honor now?
Dave & Buster's, Inc., a leading operator of high volume entertainment/dining complexes (the “Company”), today announced that effective August 25, 2010, Ernst & Young LLP (“E&Y”) has been dismissed as the Company’s independent auditor. The Audit Committee of the Board of Directors of the Company approved the dismissal of E&Y on August 24, 2010.
E&Y’s audit report on the Company’s consolidated financial statements for each of the past two fiscal years did not contain an adverse opinion or disclaimer of opinion, and was not qualified or modified as to uncertainty, audit scope or accounting principles.
During the Company’s most recent two fiscal years and through the subsequent interim period on or prior to August 25, 2010, (a) there were no disagreements between the Company and E&Y on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreements, if not resolved to the satisfaction of E&Y, would have caused E&Y to make reference to the subject matter of the disagreement in connection with its report; and (b) no reportable events as set forth in Item 304(a)(1)(v)(A) through (D) of Regulation S-K have occurred.
Sooooo... anyone want to wildly speculate as to why E&Y got canned? Maybe it has something to do with Uncle Ernie's Whack-a-mole skills or Vice President Joe Biden being banned from D&B's (the Onion)?