A lengthy but interesting read about the biography of Washington Sycip and the history of SGV & Co. Referred to me by Marky.
That is the news, ok. According to money.inquirer.net, the San Miguel group changed auditors from SGV & Co. to Laya Mananghaya & Co. Starting 2006, Laya Mananghaya (KPMG) will be auditing SMC. SGV was the appointed auditor since 1997.
Inq7 offered to report the following reasons for the change in auditor: