Orion Minerals Limited, listed on the ASX and JSE with share codes ORN, has announced a significant change in its auditor. Mazars Melbourne Assurance Pty Ltd has been appointed as the new auditor of the company, following the resignation of BDO Audit Pty Ltd. The change in auditors comes after a competitive tender process initiated by Orion for audit services.
Rationale Behind the Change
The decision to switch auditors was made after careful consideration by the board of directors. The competitive tender process was aimed at ensuring the company’s audit needs are met efficiently and effectively. Orion Minerals expressed its gratitude to BDO Audit Pty Ltd for its past assistance and services rendered to the company.
Appointment Ratification
In accordance with the Corporations Act 2001, a resolution will be proposed to shareholders at Orion Minerals’ 2024 Annual General Meeting to ratify the appointment of Mazars Melbourne as the company’s auditor. This procedural step aligns with regulatory requirements and ensures transparency in the appointment process.
Details of the Change
To facilitate the transition, Orion Minerals provided the following information:
| Outgoing Auditor | Incoming Auditor |
|---|---|
| BDO Audit Pty Ltd | Mazars Melbourne Assurance Pty Ltd |
The appointment of Mazars Melbourne will be effective from the financial year commencing July 1, 2023.
Acknowledgement and Appreciation
Denis Waddell, Chairman of Orion Minerals, expressed appreciation to BDO Audit Pty Ltd for its past contributions and support to the company. The board recognizes the importance of the audit function in maintaining transparency and accountability within the organization.
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