BRP (TSX/NASDAQ: DOO) plans PwC appointment as its next external auditor
Rhea-AI Filing Summary
BRP Inc. plans to change its external auditor, appointing PricewaterhouseCoopers LLP (PwC) for fiscal year 2027 after a competitive RFP process led by its Audit Committee. The Board selected PwC for its audit team strength, innovative approach, technology capabilities, and independence.
Deloitte LLP, the long-time auditor, will continue through the fiscal year ending January 31, 2026 and then resign after completion of BRP’s audited consolidated financial statements. PwC will fill the resulting vacancy until the 2026 Annual Meeting of Shareholders, where BRP intends to propose PwC’s appointment for the following year.
BRP, a Quebec-based powersports and marine company with CA$7.8 billion in annual sales from over 130 countries and about 16,500 employees as of January 31, 2025, emphasizes that this auditor transition aligns with its commitment to strong corporate governance.
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Insights
BRP is rotating from Deloitte to PwC as auditor in a planned, governance-driven transition.
BRP’s Board, following an Audit Committee-led RFP in fiscal 2026, chose PwC as external auditor for fiscal 2027. The decision cites PwC’s audit team strength, innovative methods, technology capabilities, and independence, positioning this as a structured governance choice rather than a sudden change.
Deloitte remains auditor through the fiscal year ending
The plan for PwC to work closely with Deloitte to ensure a “smooth and orderly transition” suggests attention to audit quality and operational stability during the change. Subsequent shareholder approval at the 2026 Annual Meeting will formalize PwC’s role for the ensuing year under BRP’s standard governance processes.