Change of Auditor
Allied Farmers Ltd
201 Broadway, Stratford, 4332
PO Box 304, Stratford 4352
Phone: 06 765 6199
Web: http://www.alliedfarmers.co.nz
Email: headoffice@alliedfarmers.co.nz
31 March 2022
announce@nzx.com
Change of Auditor
Over the last 12 months the Board of Allied Farmers Limited (NZX: ALF) has undertaken a
process of simplification and cost reduction to reflect Allied Farmers’ role as a rural investment
company focused on growing earnings per share to build value for its shareholders.
This has included a reduction in the Board from 5 to 3 directors, lower consultant costs,
reduced spend on information technology, and disestablishment of the Allied Farmers Chief
Executive role.
As part of this exercise the Board has benchmarked the Allied Farmers’s audit fees against
similar organisations, and asked for and reviewed a number of tenders from audit firms. As a
result, with effect from today, it has accepted the resignation of KPMG and has appointed
RSM Hayes Audit as its statutory auditor.
The appointment of RSM Hayes Audit is no way a reflection of the quality of service provided
by KPMG, who have been instrumental in assisting us to vastly improve the quality and
presentation of our financial results, and provided valuable guidance on a number of complex
matters.
Mark Franklin
Chairman
Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.
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