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.
Richard Oddy, Casper Kaars Sijpesteijn and Rory Goldthorpe have been appointed to senior roles in key sectors of high growth, with a further 17 junior and experienced hires
Richard White, Nicola Westbrooke and Richard Ross all join from KPMG, where they oversaw the real estate tax practice
Sheryl Davis joins the firm's High Wycombe office from Barnes Roffe
The appointments have been made across the VAT, audit and international tax teams