Fannie Mae board engages Deloitte & Touche as independent auditor.

Position:Business Alert - Brief Article
 
FREE EXCERPT

THE AUDIT COMMITTEE OF FANNIE MAE'S board of directors has engaged Deloitte & Touche LLP as its independent auditor to perform an audit of 2004 and a re-audit of prior period financial statements that will be restated.

"Fannie Mae has committed to work with our safety and soundness regulator, OFHEO [the Office of Federal Housing Enterprise Oversight], to begin restating the company's financial statements," said Daniel Mudd, Fannie Mae's interim chief executive officer. "[This] announcement is an important step forward."

Fannie...

To continue reading

FREE SIGN UP