Business
Outcome of Audit Tender
Outcome of Audit Tender.
About this update from Nationwide Building Society
[{"type":"text","content":"\n \nRNS Number : 4385V Nationwide Building Society 02 November 2017 \n\n \n \n2 November 2017\nNATIONWIDE BUILDING SOCIETY\nOUTCOME OF AUDIT TENDER\n \nThe Board of Nationwide Building Society ('the Society') announces its intention to appoint Ernst & Young LLP ('EY') as its auditor for the year ending 4 April 2020.\n \nRegulations for audit firm rotation require the Society to change its external audit firm no later than 2020. PricewaterhouseCoopers LLP ('PwC'), the Society's current auditor, will continue in their role until completion of the audit for the financial year ending 4 April 2019. \n \nA competitive tender process has been undertaken, actively overseen by the Audit Committee, resulting in a recommendation approved by the Board of the Society. The appointment of EY will therefore be recommended to the Society's members for approval at the 2019 AGM. \n \nCommenting on the tender outcome, Kevin Parry, Chairman of the Audit Committee said: \"The tender process was transparent, comprehensive and thorough. We look forward to working with EY in the future.\"\n \nThe Society, PwC and EY will work together to ensure a smooth transition process.\n \n \n \nFor further information please contact:\nInvestor queries: Alex Wall, 0207 2616568 or 07917 093632, [email protected]\nMedia contact: Sara Batchelor, 01793 657770 or 07785 344137, [email protected]\n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END MSCUGGRUGUPMGAP\n ","length":2757,"tagName":"div"}]