Heelys Inc said it dismissed Deloitte & Touche LLP as its public accounting firm effective June 22. According to a filing with the Securities & Exchange Commission, the decision to dismiss Deloitte was based primarily on cost considerations.
The company, which had recently been exploring strategic options including a possible sale, said the decision was put forward by its audit committee, and that there were no disagreements between the company and Deloitte on the move.
On June 11, Heelys said the resignation of a board member had left its audit committee with only two members, and in violation of a Nasdaq Rule.
