Pod Point hires KPMG as new auditors

Pod Point has announced that the board has approved the appointment of KPMG LLP (‘KPMG’) as the company’s new external auditor following the conclusion of a competitive tender process led by the company’s Audit and Risk Committee.

KPMG will conduct the audit of the company’s financial statements for the financial year ending 31 December 2023.

A proposal to re-appoint KPMG as auditors of the company will be subject to the approval of shareholders at the next Annual General Meeting in 2024.

Deloitte, which was the group’s former auditor, did not take part in the tender process and has consequently resigned as auditor.

Deloitte said: “We are resigning as auditors because, as noted in the company’s 2022 Annual Report and Accounts, in the second half of 2022 the company’s majority shareholder Electricité de France S.A. (“EDF”) notified the board that it was replacing Deloitte as its joint auditor to EDF for the financial year ending December 2023 (“FY23”) following a tender in accordance with French rotation requirements.

“Going forward for FY23 and beyond the joint auditors will be KPMG and PwC. A tender for the company’s audit was subsequently scheduled to enable operational efficiency from one of the joint auditors to be an option and allow greater choice in professional services for EDF. Deloitte accordingly did not participate in the tender and following its completion have resigned to allow the selected auditor to be appointed.”