Change in external auditor
- 29 Mar 2022
Shareholders and noteholders are advised that the board of directors of the company (“board”), on recommendation of Northam’s audit and risk committee, has appointed PricewaterhouseCoopers Inc. (“PwC”) as the new external auditor of the group for the financial year ending 30 June 2023, with the designated audit partner being AJ Rossouw.
The incumbent external auditor, Ernst and Young Inc. (“EY”) will continue to act as external auditor of the group for the financial year ending 30 June 2022. EY’s appointment will accordingly terminate upon the conclusion of the audit in respect of the financial year ending 30 June 2022. PwC’s appointment as external auditor will be effective immediately after EY’s appointment terminates and will be proposed for approval by shareholders at the annual general meeting of the company, scheduled to be held in October 2022.
The change in external auditor was initiated following Northam’s decision to early adopt the mandatory audit firm rotation rule, issued by the Independent Regulatory Board for Auditors, which is effective for financial years commencing on or after 1 April 2023.
The board would like to extend its appreciation to EY for their long-standing service to the group and looks forward to working with PwC.
29 March 2022