Printer Friendly

ABB intents to propose KPMG as external auditor from 2018.

M2 EQUITYBITES-May 22, 2017-ABB intents to propose KPMG as external auditor from 2018

(C)2017 M2 COMMUNICATIONS http://www.m2.com

ABB (SIX:ABBN) announced on Friday the proposal by its board of directors to appoint KPMG as its external auditor effective for the financial year 2018.

Reportedly, this decision was taken following a year-long comprehensive external auditor tender process initiated in 2016 in line with international good governance practices.

This proposal is subject to shareholder approval at ABB's 2018 Annual General Meeting.

Ernst & Young , which has been ABB's sole external auditors since 2001, will audit ABB for fiscal year 2017 as approved at ABB's recent Annual General Meeting.

ABB is a provider of technology in electrification products, robotics and motion, industrial automation and power grids, serving customers in utilities, industry and transport and infrastructure globally.

((Comments on this story may be sent to info@m2.com))

COPYRIGHT 2017 Normans Media Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2017 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:M2 EquityBites (EQB)
Date:May 22, 2017
Words:147
Previous Article:Iterum awarded USD65m in Series B Financing to support the Phase 3 clinical development of oral penem antibiotic.
Next Article:Skanska announces EUR44m investment in second phase of an office project in Warsaw, Poland.
Topics:

Terms of use | Privacy policy | Copyright © 2021 Farlex, Inc. | Feedback | For webmasters |