Sequoia appoints Grant Thornton as new external auditor

Sequoia Economic Infrastructure Income Fund (Sequoia) has announced the appointment of Grant Thornton as its new external auditor for the financial year ending 31 March 2022.

The board had taken the decision earlier this year to put the audit of the company out to tender.

Grant Thornton replaced KPMG who resigned as the company’s external auditor on 7 December 2021 as a result of the tender appointment.

Meanwhile PwC will continue to act as the group’s independent valuation agent responsible for reviewing the monthly valuations of its portfolio.

The group said: “The board wishes to thank KPMG for its services and support as external auditor for the past six years since the company’s launch and looks forward to working with Grant Thornton in the future.”