Last checked at 21 Dec 2018 07:00
21 December 2018
Tender for the statutory audit of the Group for the year ending 31 March 2020
As previously disclosed in Annual Reports, during the 2017 financial year the Group was notified that a company for which a number of PricewaterhouseCoopers ("PwC") partners are acting as administrators, was considering litigation against the Group. A legal action was filed by this company on 18 December 2018, naming Vodafone as one of a number of defendants.
While PWC are assessed as independent and will continue as the Group's statutory auditors for the year ending 31 March 2019, it is uncertain how this matter may evolve and whether future developments may give rise to risks to audit independence. Accordingly, the Vodafone Group Audit and Risk Committee has decided to launch a tender process for the audit of the year ending 31 March 2020. "
The audit tender process is expected to conclude in February 2019, with a resolution proposing the appointment of the selected firm being put to shareholders at the 2019 Annual General Meeting."
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About Vodafone Group
Vodafone Group is one of the world's largest telecommunications companies and provides a range of services including voice, messaging, data and fixed communications. Vodafone Group has mobile operations in 25 countries, partners with mobile networks in 44 more, and fixed broadband operations in 18 markets. As of 30 September 2018, Vodafone Group had 531.9 million mobile customers and 20.4 million fixed broadband customers, including all of the customers in Vodafone's joint ventures and associates. For more information, please visit: www.vodafone.com.