Click here for a full list of Andersen clients that have recently switched auditors.

Though BB&T reappointed Andersen at its January board meeting after a careful evaluation and thorough review of the team assigned to BB&T, it changed its mind when Andersen was indicted. 

"Our earlier decision to retain Andersen was based on the performance and professionalism of those Andersen employees who have worked with us through the years," said Scott E. Reed, BB&T's chief financial officer. "However, we made that decision with the understanding that we would continue to monitor any new developments surrounding the Enron situation. We have to do what we believe is best for our shareholders and our company."

Winston-Salem-based BB&T Corporation, a financial holding company with $72.7 billion in assets, operates more than 1,100 banking offices in the Carolinas, Georgia, Virginia, Maryland, West Virginia, Tennessee, Kentucky, Alabama, Indiana and Washington, D.C.

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