Burford Capital Selects KPMG LLP as Independent Auditor

Burford Capital Appoints KPMG LLP as Independent Auditor

Burford Capital Limited, a global finance and asset management firm focused on law, has made a significant announcement regarding its independent registered public accounting firm. On July 1, 2024, the audit committee of Burford’s board of directors approved the appointment of KPMG LLP as the company’s new independent auditor. This decision comes after Ernst & Young LLP, Burford’s previous auditor since 2010, was dismissed.

The appointment of KPMG as Burford’s independent registered public accounting firm is subject to the ratification of Burford’s shareholders at an extraordinary general meeting to be held in the future. The decision to switch auditors was influenced by shareholder feedback and a desire to adhere to best practices in the UK market.

In addition to the appointment of KPMG, the audit committee also approved the dismissal of Ernst & Young, effective immediately following the issuance of Burford’s consolidated financial statements for the three and six months ended June 30, 2024. The reports of Ernst & Young on Burford’s financial statements for the past two fiscal years did not contain any adverse opinions or disclaimers.

Burford Capital’s decision to appoint KPMG as its new independent auditor reflects the company’s commitment to transparency and best practices in financial reporting. The upcoming extraordinary general meeting will provide shareholders with the opportunity to ratify this important decision.

For more information about Burford Capital and its recent announcement, please visit www.burfordcapital.com.

This news story is based on the original press release from Burford Capital, which can be accessed at the following link: https://www.prnewswire.com/news-releases/burford-capital-appoints-kpmg-llp-as-independent-auditor-302192457.html.