Publicly listed Pacific Green Industries (Fiji) Limited (PGI) has maintained PricewaterhouseCoopers as its external auditor after accepting PwC’s transition to a globally renowned international certified public accounting firm.
At its annual general meeting in June last year, Pacific Green had reappointed PricewaterhouseCoopers (PwC) as its external auditor for the financial year ending December 31, 2024.
However, in November last year, PwC had informed the manufacturer of palmwood furniture that its local network would transition to global firm Grant Thornton, effective December 7, 2024.
“PwC has assured PGI that this transition will not affect the quality of their services,” PGI board chairperson Ravin Chandra said in a market announcement issued by the South Pacific Stock Exchange (SPX).
“The same engagement team will continue to work with clients, maintaining the high standards of service and professionalism that PGI has consistently experienced.”
Mr Chandra said the board of directors had accepted this transition, and also recognised the dedication and expertise demonstrated by the audit team over the years.
“PGI remains committed to upholding transparency, accountability, and adherence to best practices in financial reporting, ensuring no disruption to our stakeholders,” he said.
PwC had provided support across audit and assurance, and tax services to multiple industries in Fiji for some 60 years, before joining the world’s seventh largest accounting firm by revenue Grant Thornton on December 7 last year.
The Grant Thornton network is located in more than 140 markets globally, with 70,000-plus people and generates revenues in excess of $US7 billion (approx. $F16b) a year.
