Accredited Gets New Auditor

Subprime lender Accredited Home Lenders -- which is in danger of being delisted by the NASDAQ Stock Market -- has hired Squar, Milner, Peterson, Miranda & Williamson LLP as its new independent auditor.Squar Milner will assist the San Diego-based mortgage firm in completing its financial statements for full-year 2006. In early April Accredited's auditor, Grant Thornton, resigned. Accredited, which was supposed to file its annual 10-K report by March 15, has said it hopes to file its 10-K "as soon as possible." It is appealing NASDAQ's decision to delist it.

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