StockMarketWire.com - Vodafone Group said it had launched a tender process for a new auditor after deciding to replace PricewaterhouseCoopers amid a legal dispute over the collapse of phone retailer Phones 4U.

A legal action was filed by Phones 4U on 18 December, naming Vodafone as one of a number of defendants.

PwC is also Phones 4U's auditor.

'It is uncertain how this matter may evolve and whether future developments may give rise to risks to audit independence,' Vodafone said.

'Accordingly, the Vodafone audit and risk committee has decided to launch a tender process for the audit of the year ending 31 March 2020.'

PwC would remain as the group's auditor for the year through March 2019.

The tender process was expected to concluded in February.






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