Anglo American has announced that, following the conclusion of a formal tender process led by its audit committee, the board has approved the proposed appointment of PricewaterhouseCoopers LLP (PwC) as its external auditor to take effect from, and including, the financial year ending 31 December 2020. The appointment of PwC will be recommended to shareholders for approval at Anglo American’s annual general meeting in 2020.
Deloitte LLP will continue in its role as external auditor to Anglo American in respect of the current financial year ending 31 December 2019. Following completion of the 2019 audit, Deloitte LLP will stand down in accordance with the Companies Act 2006, and considering the EU’s mandatory audit firm rotation rules. Further disclosure on the formal tender process conducted by the Audit Committee will be set out in Anglo American’s 2019 Integrated Annual Report.
There are no matters in connection with Deloitte LLP’s prospective retirement as external auditor which need to be brought to the attention of shareholders. In accordance with the relevant legislative requirements in the United Kingdom and South Africa, the board will receive from Deloitte LLP, upon their retirement as external auditor, notification of any matters that need to be brought to the attention of creditors or shareholders of Anglo American.
Read the article online at: https://www.globalminingreview.com/finance-business/03052019/anglo-american-proposes-appointment-of-pwc-as-external-auditor-from-2020/