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Cape PLC Announces Change Of Auditor

Wednesday, 24 Jul 2013 02:00am EDT 

Cape Plc announced that the Board has appointed Ernst & Young LLP as auditor of the Cape Group and its subsidiaries commencing with the 2013 financial year. Having engaged PricewaterhouseCoopers LLP as the Company's auditor over ten years ago, the Board, on the recommendation of the Audit Committee, decided that it was appropriate to put the Company audit out to competitive tender. The tender process was initiated in May 2013 and following formal proposals and presentations from four firms, EY was in this process. PwC has consequently resigned as auditor of the Company. 

Company Quote

3.25 +1.21%
9:12am EDT