BDO HAS been replaced by PwC as auditors of engineering and construction company Kentz on the recommendation of its audit committee.
The decision to split with BDO ends the firm’s 17 year tenure as Kentz’s auditors.
“The board is confident that PwC has the relevant engineering and construction industry experience,” a statement from Kentz said.
BDO confirmed there are no circumstances in connection with its resignation as auditor that should be drawn to the attention of the company’s shareholders or creditors.
For the year ending December 2011, Kentz generated revenues of $1.3bn (£83m) which equated to a pre-tax profit of $79.4m.
For more listed company information, visit the Share Price Centre.
Head of editorial Kevin Reed discusses this week's important accountancy news, including Brexit and audit market evolution
Phil Pierce and Ben Woolrych, partners at FRP Advisory, have sold out of administration the business and assets of Kiveton Park Steel Limited
The latest edition of our 'Seven Days in Accountancy' quiz is here
Audit red tape is impacting both ends of the market, according to the latest watchdog stats