PREMIUM FREE TRIAL

Deloitte resigns as STAR’s external auditor, PwC takes over

STAR media statement:

Steinhoff Africa Retail (STAR), announced today that PricewaterhouseCoopers (PWC) has been appointed as the Company’s external auditor, effective 23 May 2018, replacing Deloitte.

Leon Lourens, STAR’s Chief Executive Officer, said: “After careful consideration and by mutual agreement with STAR management and its audit committee, Deloitte has decided to resign as the external auditor of STAR. A significant component of the STAR group was already audited by PricewaterhouseCoopers and using two auditors simultaneously, caused an inefficient duplication of efforts”.

Make Better Decisions. Start your Biznews Premium FREE TRIAL today.