British Telecommunications PLC Change of Adviser (2180H)
13 Noviembre 2018 - 7:02AM
UK Regulatory
TIDM72NS
RNS Number : 2180H
British Telecommunications PLC
13 November 2018
13 November 2018
Change of independent registered public accounting firm
As reported in British Telecommunications plc's ('BT plc')
Annual Report on Form 20-F for the year ended March 31, 2018, filed
with the Securities and Exchange Commission ('SEC') on 24 May,
following an audit tender process led by BT plc's parent company's
Audit & Risk Committee (the Committee), the BT plc Board
endorsed the Committee's recommendation to appoint KPMG LLP (KPMG)
as the new independent registered public accounting firm, in place
of PricewaterhouseCoopers LLP (PwC) who would resign.
At a meeting held on November 2, 2018 the BT plc shareholders
approved the appointment of KPMG as its independent registered
public accounting firm for the year ending March 31, 2019. At the
same meeting, PwC resigned as independent registered public
accounting firm for BT plc.
On October 15, 2018, PwC provided BT plc with a resignation
letter to resign as BT plc's independent registered public
accounting firm with effect as of the end of the November 2, 2018
meeting. In its resignation letter, PwC confirmed that the reason
PwC was ceasing to hold office was that the Company undertook a
competitive tender process for the position of statutory auditor
and PwC did not participate.
ENDS
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END
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