BP p.l.c. (BP) has announced that it intends to propose to shareholders at its 2018 Annual General Meeting that Deloitte be appointed as the company’s auditor for the financial year 2018.
This decision was taken following a competitive audit tender.
EY, BP’s current external auditor, will continue in its role and will undertake the audit of BP for the financial years 2016 and, subject to reappointment by shareholders at the next Annual General Meeting, 2017.
Brendan Nelson, Chairman of BP’s Audit Committee, said, “I would like to thank EY for their high professional standards and all they have done to provide assurance to the Board and shareholders during their time as BP’s auditors. Subject to shareholder approval at the 2018 AGM, we look forward to working with Deloitte.”
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