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SunMoon changing auditor to EY from RT; cites growing geographical presence
SUNMOON Food Co is changing its auditor to Ernst & Young (EY) from RT, citing the desire to obtain fresh perspectives, to support its larger geographical presence and to improve reporting efficiency.
The change was made at the recommendation of the board's audit and risk committee, said SunMoon, a supplier of fruit products and fresh fruits.
The company declared that there were no disagreements with RT on accounting treatments within the past 12 months.
RT has sought and received approval from the Accounting and Corporate Regulatory Authority of Singapore to resign as the company's auditor.
SunMoon will convene a shareholders' meeting to seek approval for the change of auditor.