BDO Replaces Deloitte as Auditors of Warehouse REIT
Warehouse REIT, a specialist warehouse investor, has confirmed the appointment of BDO as its new auditor for the financial year ending March 31, 2022.
The decision of appointing BDO as the company’s new external auditor has been taken following a competitive process was carried out by the company’s top management to select their new auditor. BDO LLP will take the role of external auditor from Deloitte LLP for the financial year ending March 31, 2022.
Deloitte LLP, the company's existing external auditor, will complete the external audit for the fiscal year ended March 31, 2021. Deloitte LLP had been the company’s auditors since its IPO in 2017.
The company paid £135,000 against audit fee for the financial year ended March 31, 2020. This includes audit fee of £105,000 paid by the company to Deloitte against auditing the company’s consolidated accounts for the financial year ended March 31, 2020 and £30,000 against auditing financial statements of the company’s subsidiaries for the financial year ended March 31, 2020.
Lynette Lackey, the chairperson of the Warehouse Reit’s audit committee, said that the company thanks and appreciates Deloitte for the work it has done as auditor since it was appointed in the year 2017. Lynette Lackey further said that we are looking forward towards collaborating with BDO in the future.
Approval from the company’s shareholders regarding the appointment of BDO will be sought at the company’s 2021 AGM that will be held in September later this year.