Audit Report / Information • Nov 21, 2023
Audit Report / Information
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21 November 2023
The Board of Directors of Agros Development Company "Proodos" Pubic Ltd (the "Company"), acting in accordance with the decision of the Company's last Annual General Meeting, which authorised the Board of Directors to determine the fees of the external auditors Ernst & Young Cyprus Limited (EY) for 2023, and taking into consideration EY's proposal to increase their audit fees for the audit of 2023, decided to obtain quotations from other audit firms in Cyprus as well.
After studying and evaluating the quotations received, the Board of Directors decided to entrust the external audit for 2023 to the audit firm Baker Tilly, whose quotation was significantly lower.
The above decision of the Board of Directors will be put to the Company's next Annual General Meeting for ratification.
The Company's Board of Directors would like to thank EY for the good cooperation during their term as the Company's auditors and the high standard of services provided to the Company.
On behalf of the Board of Directors
Prusec Limited Secretary
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