Caledonia Investments swaps Deloitte for KPMG as auditor
KPMG succeeds Deloitte as auditor for investment trust business
KPMG has succeeded Deloitte as auditor of investment trust business Caledonia Investments.
A statement from Caledonia Investments said: “Following formal proposals and presentations from three audit firms, including Deloitte, KPMG was successful in this process.”
In a letter to shareholders explaining the change, Deloitte said: “The company put the audit out to tender and we were not successful in retaining it.”