Last checked at 13 Nov 2018 13:02
13 November 2018
Change of independent registered public accounting firm
As reported in British Telecommunications plc's ('BT plc') Annual Report on Form 20-F for the year ended March 31, 2018, filed with the Securities and Exchange Commission ('SEC') on 24 May, following an audit tender process led by BT plc's parent company's Audit & Risk Committee (the Committee), the BT plc Board endorsed the Committee's recommendation to appoint KPMG LLP (KPMG) as the new independent registered public accounting firm, in place of PricewaterhouseCoopers LLP (PwC) who would resign.
At a meeting held on November 2, 2018 the BT plc shareholders approved the appointment of KPMG as its independent registered public accounting firm for the year ending March 31, 2019. At the same meeting, PwC resigned as independent registered public accounting firm for BT plc.
On October 15, 2018, PwC provided BT plc with a resignation letter to resign as BT plc's independent registered public accounting firm with effect as of the end of the November 2, 2018 meeting. In its resignation letter, PwC confirmed that the reason PwC was ceasing to hold office was that the Company undertook a competitive tender process for the position of statutory auditor and PwC did not participate.
ENDS