BDO Seidman has been replaced as the auditor of golf course investment company Golf Trust of America, by Cherry Bekaert & Holland.
The move follows recommendations from the audit committee, concerned with the costs of maintaining BDO as its auditors.
Golf Trust's shareholders decided to move the company forward as a going concern last November, when the CEO also stepped down.
In a statement, the company maintained it had no disagreement with its auditors, WebCPA.com reported.
Golf Trust CEO Mike Pearce said the company enjoyed a very positive association with BDO over the years.
'However, we believe that Cherry Bekaert offers our shareholders an ideal combination of services and cost-efficiency. We look forward to working with the Cherry Bekaert team well into the future,' he said.
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