Australia subsidiary auditor changes; fee dispute cited
SWSOLAR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The auditor of Sterling and Wilson's Australian material subsidiary (Sterling and Wilson Solar Australia Pty Ltd) is changing. Moore Australia Audit resigned on July 1, 2026, stating it could not agree with management on an audit fee that reflected the scope and complexity of the engagement, and confirmed no other material concerns. William Buck Audit (WA) Pty Ltd, a firm with presence across Australia and New Zealand, has been appointed as the new auditor the same day. Moore Australia had audited the subsidiary since October 2019, with its last report dated April 2026. The change is limited to the overseas subsidiary.
Limited near-term impact on parent shareholders; reason cited is fee disagreement, not governance or fraud concerns. New auditor is a well-established firm.