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Tern chooses Grant Thornton as auditor

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GRANT THORNTON will conduct the audit of Tern following the resignation of Jeffreys Henry.

The company, specialising in cloud and Internet of Things (IoT), announced that, following their formal tender process, it has appointed Grant Thornton.

The firm will conduct the audit for the year to 31 December 2016.

Jeffreys Henry confirmed that there were no circumstances connected with their resignation or in the change of auditor that should be brought to the attention of the shareholders.

Tern acquires and invest in privately owned companies with IP, established products and customer bases.

Dozens of listed company audits have changed hands in the last two years, after regulation was put in place that imposes mandatory tendering.

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