Freightways Group Limited (NZX/ASX:FRW) advises that, at the request of the Board, it has undertaken a formal Request for Proposal (RFP) process for the provision of external audit services that was overseen by its Audit & Risk Committee.
Four major accounting firms were initially invited to respond to the RFP, and their proposals were evaluated using a rigorous process covering different aspects of the external auditor’s function, including but not limited to fees.
At the conclusion of this process, the Board of Directors has resolved to re-appoint PricewaterhouseCoopers as the Group’s external auditor.
ENDS
For further information please contact:
Stephan Deschamps
Chief Financial Officer
Freightways Group Limited
Ph: +64 9 571 9670
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