Penn Traffic Selects KPMG for Audits

The Penn Traffic Co. said it named KPMG to be the company's new independent auditor, effective immediately.

SYRACUSE, N.Y. — The Penn Traffic Co. here yesterday said it named KPMG to be the company's new independent auditor, effective immediately. KPMG was selected following a review of seven candidate firms, the retailer said.

Eisner LLP, which had been Penn Traffic's auditor since September of 2006, was considered, but the retailer's audit committee "determined KPMG submitted the superior proposal," Penn Traffic said in a prepared release.

"We believe Penn Traffic has made

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