Computer Language Research, Inc. Announces Search For New Auditor; As A Result Of A Design And Consulting Agreement Signed Earlier Today With Ernst & Young LLP.CARROLLTON, Texas--(BUSINESS WIRE)--Oct. 6, 1997--Computer Language Research, Inc. (Nasdaq/NM:CLRI CLRI Central Leather Research Institute (India) ) announced the end of its audit relationship with Ernst & Young LLP LLP - Lower Layer Protocol in light of a design and support agreement that was signed between the firms. According to Brian Healy, Chief Financial Officer for CLR (Common Language Runtime) The runtime engine in Microsoft's .NET platform. The CLR compiles and executes programs in Microsoft Intermediate Language (MSIL). The counterpart to the CLR for the Common Language Infrastructure (CLI), ECMA's standard version of . , "Earlier today CLR entered into an agreement to outsource certain design and support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services in the international tax area to Ernst & Young. The nature of the agreement is such that it might create the perception of an independence issue. Accordingly and simultaneously with the execution of this agreement, E&Y has resigned as the Company's independent auditor 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. . We are presently working with several Big 6 accounting firms on proposals to our Audit Committee for a replacement. However, given that CLR has or may have similarly limiting arrangements with other Big 6 accounting firms, the field of potential Big 6 bidders for the audit may be somewhat constrained." Computer Language Research, Inc. is headquartered in Carrollton, Texas, and maintains sales and support facilities throughout the United States. The Company provides tax and accounting software and information services to accounting firms, banks, corporations, and partnerships under the trade names ACE and Fast-Tax. The Company's wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , Rent Roll, Inc., develops and markets apartment housing software and information services to large property management firms and owners of multifamily apartment communities under various trade names. CONTACT: Computer Language Research, Inc., Carrollton Robert H. Dilworth, 972/50-8679 bob_dilworth@clr.com |
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