Standard Motor Products Names New Independent Accountants - aftermarketNews

Standard Motor Products Names New Independent Accountants

Following the news last month that KPMG LLP had resigned as its independent accountants, Standard Motor Products announced yesterday that it has already found a new replacement. Standard Motor Products' Board of Directors has engaged Grant Thornton LLP as the company's new independent registered public accounting firm, effective immediately, for its fiscal year ending Dec. 31.

NEW YORK — Following the news last month that KPMG LLP had resigned as its independent accountants, Standard Motor Products announced yesterday that it has already found a new replacement.

Standard Motor Products’ Board of Directors has engaged Grant Thornton LLP as the company’s new independent registered public accounting firm, effective immediately, for its fiscal year ending Dec. 31.

In its announcement, James Burke, Standard Motor Products’ CFO commented: “As we have previously stated, KPMG’s resignation was not the result of any disagreement between the company and KPMG on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedures. In addition, KPMG’s resignation does not in any way affect the reliability of our audited financial statements.

“The decision to engage Grant Thornton as the company’s independent accountants comes after careful consideration conducted by the company’s Audit Committee. The Audit Committee considered many factors, including the experience of Grant Thornton, the resources of Grant Thornton to serve the company and the company’s auditing needs.”

_______________________________________

Click here to view the rest of today’s headlines.

You May Also Like

Nikola Corporation Names New CFO

Thomas Okray joins the company’s executive team as chief financial officer.

Nikola Corporation Names New CFO

 Nikola Corporation, global provider of zero-emissions transportation and energy supply and infrastructure solutions via the HYLA brand, announced the appointment of Thomas "Tom" B. Okray to the company's executive team as Chief Financial Officer (CFO).

This marks Okray's fourth tenure as CFO of a public company, according to Nikola. Previously, Okray served as executive vice president and CFO at Eaton Corporation, senior vice president and CFO at Grainger, and EVP and CFO at Advance Auto Parts. 

MEMA Celebrates 120th Anniversary

MEMA said the milestone “underscores the association’s enduring legacy and its pivotal role in advancing the future of mobility and the interests of vehicle suppliers.”

The Future of MEMA with Bill Long

MEMA looks to the future as it celebrates 120 years making a big impact.

AMN Drivetime Bill Long
BEV Brake Service Tips

Andrew Markel shares his latest service tips in the all new BendPak EV Garage video series.

Veoneer’s Restraint Control Systems Business Acquired

American Industrial Partners Capital Fund VII completed the acquisition of Veoneer’s Restraint Control Systems business from SSW Partners LP.

Veoneer's Restraint Control Systems Business Acquired

Other Posts

AMSOIL Introduces New OE 0W-40 100% Synthetic Motor Oil

The new OE 0W-40 is primarily for newer RAM HD trucks equipped with the 6.4-liter Hemi engine.

AMSOIL 0W40 synthetic motor oil
Schrader Launches 6 OE Replacement TPMS Sensors

Application coverage for the new release includes Toyota, Lexus, Hyundai, Kia, Mazda, Chrysler, Dodge, Land Rover, Lotus, Ford and Lincoln.

Schrader Launches 6 New OE Replacement TPMS Sensors
BorgWarner Appoints Chief Accounting Officer

Amy Kulikowski fills the position, effective March 1.

BorgWarner Appoints Chief Accounting Officer
Registration for ACC Annual Meeting Open

Early bird registration is open for the Automotive Communications Council’s 2024 meeting from May 21-23 in Cleveland, Ohio.

Automotive-Communications-Council-2024-Meeting