ALLTEL Names PricewaterhouseCoopers as Independent Auditors.Business Editors LITTLE ROCK, Ark.--(BUSINESS WIRE)--May 7, 2002 ALLTEL (NYSE NYSE See: New York Stock Exchange :AT) today announced that its audit committee has appointed PricewaterhouseCoopers LLP LLP - Lower Layer Protocol as the company's independent auditors Independent Auditor An external auditor with a certified public accounting designation that qualifies him or her to provide an auditor's report. Notes: These auditors aren't affiliated with the company being audited. to replace Arthur Andersen For the U.S. Supreme Court case commonly known as Arthur Andersen, see . Arthur Andersen LLP, based in Chicago, was once one of the "Big Five" accounting firms (the other four are PricewaterhouseCoopers, Deloitte Touche Tohmatsu, Ernst & Young and KPMG), performing LLP. ALLTEL selected PricewaterhouseCoopers after a thorough evaluation process. The decision to replace Arthur Andersen was not the result of any disagreement between the company and Arthur Andersen on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure. ALLTEL, with more than 10 million communications customers and $7.5 billion in annual revenues, is a leader in the communications and information services See Information Systems. industries. ALLTEL has communications customers in 24 states and provides information services to telecommunications, financial and mortgage clients in more than 50 countries. ALLTEL, NYSE: AT www.alltel.com |
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