BRP Inc. to Propose PricewaterhouseCoopers LLP as its Next Auditor

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.

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

Argus Jan 29 session

-0.52% close to close Open Argus

Details

News Market Reaction – DOO

On Jan 29, the day this news came out, DOO closed 0.52% below the previous close.

Data tracked by StockTitan Argus for the Jan 29 session.

Key Figures

New audit year: Fiscal year 2027 Transition year-end: January 31, 2026 RFP timing: Second quarter fiscal 2026 +1 more

New audit year

Fiscal year 2027

PwC appointed as external auditor for this fiscal year

Transition year-end

January 31, 2026

Deloitte remains auditor through fiscal year ending this date

RFP timing

Second quarter fiscal 2026

Audit Committee initiated the auditor RFP in this period

Shareholders’ meeting

2026 Annual Meeting

PwC to be proposed as external auditor at this meeting

Historical Context

4 past events · Latest: Jan 21

4 events

1. Jan 21

   Racing performance update

   24h Move

   +4.9%

   Strong Dakar Rally results for Can-Am factory team and vehicles.

2. Dec 23

   Secondary share offering

   24h Move

   -0.3%

   Selling shareholder completed secondary offering; company received no proceeds.

3. Dec 18

   Regulatory transaction update

   24h Move

   -5.6%

   ACCC opposed Telwater sale; BRP retained ownership but kept guidance.

4. Dec 16

   Leadership transition

   24h Move

   -2.3%

   Appointment of new CEO and board changes to support strategic plan.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

request for proposal, audit committee, external auditor

3 terms

request for proposal financial

"following a comprehensive request for proposal (RFP) process led by its Audit Committee"

A request for proposal (RFP) is a formal document a company or organization issues to invite outside vendors to submit detailed bids for a project, product or service—think of it as asking several contractors to propose how they would build and price a job. For investors, RFPs matter because winning or responding to them can create new revenue, reveal strategic partnerships, or signal future costs and competitive positioning, all of which can affect a company’s growth and valuation.

audit committee financial

"RFP process led by its Audit Committee. In line with BRP's commitment"

A company's audit committee is a small group of board members who act like independent inspectors for the firm's finances, overseeing how financial reports are prepared, monitoring internal controls, and managing the relationship with external auditors. Investors care because a strong audit committee reduces the risk of accounting errors, fraud, or misleading statements, making financial statements more trustworthy and helping protect shareholder value.

external auditor financial

"appointed PricewaterhouseCoopers LLP (PwC) as BRP's external auditor for fiscal year 2027"

An external auditor is an independent, third-party professional who reviews a company’s financial records and reports to confirm they are accurate and follow the rules. Like a home inspector checking a house before you buy, an external auditor gives investors assurance that the numbers reflect reality, which affects trust, the perceived risk of the company, and therefore investment decisions and value.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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VALCOURT, QC, Jan. 29, 2026 /PRNewswire/ - BRP Inc. (TSX: DOO) (NASDAQ: DOO) today announced that its Board of Directors ("Board") has appointed PricewaterhouseCoopers LLP (PwC) as BRP's external auditor for fiscal year 2027, following a comprehensive request for proposal (RFP) process led by its Audit Committee.

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 Quebec, Canada, BRP had annual sales of CA$7.8 billion from over 130 countries and employed approximately 16,500 driven, resourceful people as of January 31, 2025.

www.brp.com
@BRPNews

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

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

Who will be BRP's external auditor for fiscal 2027 (TSX: DOO)?

PwC will serve as BRP's external auditor for fiscal 2027, subject to shareholder approval at the 2026 meeting. According to BRP, the Board appointed PricewaterhouseCoopers LLP after an Audit Committee-led RFP and will propose PwC at the 2026 Annual Meeting.

When does Deloitte stop serving as BRP's auditor (DOO)?

Deloitte will continue as BRP's external auditor through the fiscal year ending January 31, 2026. According to BRP, Deloitte will resign after completion of the audited consolidated financial statements for that year to allow PwC to fill the vacancy.

How will BRP manage the transition from Deloitte to PwC (DOO)?

PwC will work closely with Deloitte to ensure a smooth, orderly transition between auditors. According to BRP, the appointment followed a comprehensive RFP and PwC will coordinate with Deloitte during the handover period before the 2026 Annual Meeting.

Why did BRP choose PwC as its next auditor (TSX: DOO)?

BRP selected PwC based on the strength of its audit team, innovative approach, advanced technology capabilities, and independence. According to BRP, those factors were cited by the Audit Committee following its RFP evaluation in fiscal 2026.

Is PwC's appointment as BRP auditor final or conditional (DOO)?

PwC's interim appointment will fill the vacancy after Deloitte resigns but is conditional on shareholder approval at the 2026 Annual Meeting. According to BRP, the Board intends to formally propose PwC for the ensuing year at that meeting.