COMPANY TOWN ANNEX

IDB Communications Group Inc. Auditor Quits: The company said Deloitte & Touche resigned after the accounting firm “questioned various adjustments” in IDB’s first-quarter financial statements. IDB, a fast-growing Los Angeles-based telecommunications firm, is headed by Jeffrey P. Sudikoff, who recently joined with entertainment industry executive Joseph Cohen to buy a 72% stake in the L.A. Kings from financially troubled owner Bruce McNall. In filing with the Securities and Exchange Commission, IDB said Deloitte & Touche resigned May 23 because it said parts of IDB’s first-quarter financial statements were not properly documented. A spokeswoman for Deloitte & Touche declined to comment and referred calls to IDB. IDB said its first-quarter statements “appropriately reflect all business transactions and adjustments necessary for a fair presentation of the financial position and the results of operations.”