In Brief: Chantal
This article was originally published in The Rose Sheet
Executive Summary
Chantal: Retains BDO Seidman as the company's new independent accounting firm. BDO Seidman has "commenced work" on the audit of Chantal's fiscal 1996 fourth-quarter and year-end results, Chantal said. The cosmetic company's previous agency, Coopers & Lybrand, resigned "as a matter of policy" Aug. 12 ("The Rose Sheet" Aug. 19, p. 5). Chantal enlisted Coopers & Lybrand in February to determine "whether its then existing revenue recognition policy was in compliance with generally accepted accounted principles," the skin care company said...