Shell picks PwC as auditor to replace EY

LONDON, Feb 6 (Reuters) - Shell ⁠has ‌chosen PricewaterhouseCoopers (PwC) as its ⁠next auditor after a tender process, with PwC ‍set to replace EY from 2027, ‍the oil major said on Friday.

Britain's Financial Reporting ⁠Council said in December it had opened an investigation into EY's audit of Shell's ​2024 financial statements over potential breaches of audit partner rotation rules.

Shell said in a July regulatory filing that ‍there had been a breach of rules ‌that require listed companies to change the lead audit partner ‌every five to seven years and impose cooling-off periods before they can return.

At ‌the time, the company also said it ​would amend its 2023 and 2024 annual reports after EY failed to comply with ⁠U.S. Securities and Exchange Commission ‍rules on partner rotation, though its financial statements would ​remain unchanged.

Shell and EY ⁠did not immediately respond to a request for further comment. (Reporting by Shadia Nasralla. Editing by Mark Potter)

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