Nationwide Building Society Outcome of Audit Tender (4385V)
03 November 2017 - 2:15AM
UK Regulatory
TIDMNBS TIDMNAWI
RNS Number : 4385V
Nationwide Building Society
02 November 2017
2 November 2017
NATIONWIDE BUILDING SOCIETY
OUTCOME OF AUDIT TENDER
The 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.
Regulations 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.
A 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.
Commenting 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."
The Society, PwC and EY will work together to ensure a smooth
transition process.
For further information please contact:
Investor queries: Alex Wall, 0207 2616568 or 07917 093632,
alexander.wall@nationwide.co.uk
Media contact: Sara Batchelor, 01793 657770 or 07785 344137,
sara.batchelor@nationwide.co.uk
This information is provided by RNS
The company news service from the London Stock Exchange
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