"While we are disappointed by Deloitte's decision not to be part of that process, we are certain that our decision to interview other auditing firms serves the best interest of our shareholders," says Dennis Gershenson, president and CEO. "The company will announce the engagement of a new independent auditor as soon as the audit committee concludes the selection process."
Ramco-Gershenson said there were no unresolved disagreements with Deloitte & Touche on accounting principles or practices, disclosures or auditing procedures. In a Form 8-K filing with the Securities and Exchange Commission on Friday, the company said Deloitte & Touche's reports about its financial statements for the past two fiscal years did not include an adverse opinion or opinion disclaimer.
The locally based REIT has a total portfolio of 80 properties, all but one of which are community shopping centers.
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