BRP Inc. to Propose PricewaterhouseCoopers LLP as its Next Auditor
Rhea-AI Summary
BRP (TSX: DOO, NASDAQ: DOO) announced that its Board has appointed PricewaterhouseCoopers LLP (PwC) as external auditor for fiscal 2027 following an Audit Committee-led RFP begun in Q2 FY2026.
Deloitte will remain auditor through the year ending January 31, 2026; after BRP completes audited consolidated financial statements for that year, Deloitte will resign and PwC will be appointed to fill the vacancy until the 2026 Annual Meeting of Shareholders, where BRP intends to propose PwC as auditor for the ensuing year. PwC will coordinate with Deloitte to ensure an orderly transition.
Positive
- Audit committee completed a formal RFP selecting PwC based on audit team strength and technology
- Planned transition with Deloitte continuing through January 31, 2026 ensures continuity of audit coverage
- Board intends to propose PwC appointment at the 2026 Annual Meeting, aligning with governance process
Negative
- Long-term Deloitte tenure will end, creating a change in auditor continuity
- PwC appointment is subject to shareholder approval at the 2026 Annual Meeting
Market Reality Check
Peers on Argus
No peers were flagged in the momentum scanner, and no same-day peer headlines were recorded, indicating this auditor change appears stock-specific rather than part of a sector move.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Jan 21 | Sporting performance | Positive | +4.9% | Strong Dakar Rally results showcasing product performance and durability. |
| Dec 23 | Secondary offering | Negative | -0.3% | Large shareholder sold shares in a secondary offering; company received no proceeds. |
| Dec 18 | Regulatory decision | Negative | -5.6% | Regulator opposed proposed Telwater sale; BRP remains owner and keeps guidance. |
| Dec 16 | Leadership change | Positive | -2.3% | New CEO and Board changes announced to advance long-term strategic plan. |
Recent news often saw price moves that aligned with the apparent news tone, except the CEO transition, which drew a negative reaction despite being a strategic leadership update.
Recent BRP news covered sporting success, ownership changes, regulatory setbacks, and leadership transition. On Jan 21, 2026, strong Dakar Rally results coincided with a +4.9% move. A secondary offering on Dec 23, 2025 had little impact. The blocked Telwater sale on Dec 18, 2025 aligned with a -5.6% drop. Management changes announced on Dec 16, 2025 saw a -2.29% reaction.
Market Pulse Summary
This announcement outlines an auditor transition from Deloitte to PwC after a formal RFP, framed as part of BRP’s governance practices. The company plans a coordinated handover around the year ending January 31, 2026 and the 2026 annual meeting. Investors may watch upcoming audited results, the first PwC-led audit cycle, and any future governance disclosures to assess how this change integrates with BRP’s broader strategic trajectory.
AI-generated analysis. Not financial advice.
In line with BRP's commitment to strong corporate governance practices and considering the long tenure of Deloitte LLP ("Deloitte") as BRP's external auditor, the Audit Committee initiated the RFP during the second quarter of fiscal year 2026. After a thorough evaluation and on the recommendation of the Audit Committee, the Board appointed PwC based on the strength of its audit team, innovative approach, advanced technology capabilities, and independence.
Deloitte will continue to serve as BRP's external auditor through the fiscal year ending January 31, 2026. PwC will work closely with Deloitte to ensure a smooth and orderly transition. Following the completion of BRP's audited consolidated financial statements for the year ending January 31, 2026, Deloitte will resign as BRP's external auditor, and PwC will be appointed to fill the vacancy until the 2026 Annual Meeting of Shareholders. At that meeting, BRP intends to propose that PwC be appointed as its external auditor for the ensuing year.
BRP extends its sincere appreciation to Deloitte for their years of dedicated service and valuable expertise.
About BRP
BRP Inc. is a global leader in the world of powersports products, propulsion systems and boats built on over 80 years of ingenuity and intensive consumer focus. Through its portfolio of industry-leading and distinctive brands featuring Ski-Doo and Lynx snowmobiles, Sea-Doo watercraft and pontoons, Can-Am on and off-road vehicles, Quintrex boats and Rotax marine propulsion systems as well as Rotax engines for karts and recreational aircraft, BRP unlocks exhilarating adventures and provides access to experiences across different playgrounds. The Company completes its lines of products with a dedicated parts, accessories and apparel portfolio to fully optimize the riding experience. Committed to growing responsibly, BRP is developing electric models for its existing product lines. Headquartered in
Ski-Doo, Lynx, Sea-Doo, Can-Am, Rotax, Quintrex and the BRP logo are trademarks of Bombardier Recreational Products Inc. or its affiliates. All other trademarks are the property of their respective owners.
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SOURCE BRP Inc.
FAQ
Who will be BRP's external auditor for fiscal 2027 (TSX: DOO)?
When does Deloitte stop serving as BRP's auditor (DOO)?
How will BRP manage the transition from Deloitte to PwC (DOO)?
Why did BRP choose PwC as its next auditor (TSX: DOO)?
Is PwC's appointment as BRP auditor final or conditional (DOO)?
