Secaucus, N.J., The Childrenâ€™s Place Retail Stores has selected BDO Seidman to serve as the companyâ€™s accounting firm for the current fiscal year ending Feb. 2, 2008.
The news follows the companyâ€™s recent announcement that Deloitte & Touche will resign as its auditor. The company claimed that this was due to the auditorâ€™s inability to rely on the representations of the former CEO.
According to the company, Deloitte & Touche is continuing to serve as the companyâ€™s auditor with respect to the companyâ€™s financial statements for the three fiscal years in the period ended Feb. 3. There is a pending restatement of previously issued financial statements for fiscal 2005 and 2004.