Kentz ditches BDO as auditors in favour of PwC
Decision to split with BDO brings 17-year audit relationship to an end
BDO HAS been replaced by PwC as auditors of engineering and construction company Kentz on the recommendation of its audit committee.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.
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