Pearl River Resort hires new outside auditor
Published: August 31,2011
CHOCTAW — Pearl River Resort and Casino, owned by the Mississippi Band of Choctaw Indians, has hired a new independent auditor.
BDO USA, a century-old professional services firm providing tax, financial advisory and consulting services to a wide range of publicly traded and privately held companies, will assume the external auditing duties previously performed by PricewaterhouseCoopers.
PricewaterhouseCoopers had been providing external auditor services for Pearl River Resort and Casino for more than a decade.
In August, The Clarion-Ledger announced that PricewaterhouseCoopers had quit as the Choctaws’ outside auditor. The firm gave no reason for the decision.
The firm’s decision came at the same time FBI agents subpoenaed records from Beasley Denson, the tribe’s chief. His office would not comment to the newspaper.
In July, Moody’s Investors Service downgraded $200 million in securities borrowed by the Choctaw Resort Development Enterprise to junk bond status. That came two days after an FBI raid at the Pearl River Resort near Philadelphia during which agents seized hard drives and computers.
To sign up for Mississippi Business Daily Updates, click here.
Top Posts & Pages
- Source: Bryant has offered Glenn McCullough MDA job
- COMMERCIAL FINANCE 701: Loans disguised as government bonds (BOANs)
- Two new casinos like the odds on Mississippi Gulf Coast
- TRANSITION AT THE MDA — Is Mississippi better off than it was 3 years ago?
- (WITH VIDEO) Funding secured for Capitol Art Lofts in downtown Jackson
- PHIL HARDWICK: The third grade reading gate, book buddies and school principals
- WRESTLING SUCCESS — Ted DiBiase Jr. leaves ring to become entrepreneur
- Planters Bank promotes at 3 locations
- Nehi Bottling Company has been a Cleveland fixture for 85 years