Areal estate investment trust (REIT) recently fired outside auditor KPMG over a dispute that experts say is very unusual for a number of reasons.
Nashville-based Healthcare Realty Trust, which specializes in health care-related properties, said it fired KPMG because the auditor has not completed its audit of the 2004 financials or its audit of the effectiveness of the company’s internal controls over financial reporting as of Dec. 31, 2004.
