Monday, September 13, 2004

A chocolate donut with some of those little sprinkles on top

From today's Wall Street Journal (subs. req'd):

Krispy Kreme Doughnuts Inc. said its auditor, PricewaterhouseCoopers LLP, refused to complete a review of the company's financial statements for the latest quarter until an outside law firm hired by the company's board is finished performing "certain additional procedures" requested by the auditors.

What's not clear is whether the auditors are unhappy with some technical accounting procedure or the quality (poorly glazed, not hot?) of their free KK donuts.