Citizens Financial picks PwC as auditor, replacing Deloitte after 2026
Citizens Financial Group (CFG) approved replacing Deloitte & Touche with PricewaterhouseCoopers as its auditor for fiscal 2027, effective after Deloitte completes its 2026 audits.
Key takeaways
- Citizens Financial Group (CFG) said its Audit Committee approved replacing Deloitte & Touche LLP with PricewaterhouseCoopers LLP as its independent auditor, effective after Deloitte completes its 2026 audits. Deloitte's prior reports contained no adverse opinion or qualification. No disagreements were reported.
Citizens Financial Group (CFG) said in a regulatory filing that its Audit Committee approved on Oct. 28 a change to PricewaterhouseCoopers LLP as its independent registered public accounting firm, dismissing Deloitte & Touche LLP.
The dismissal takes effect once Deloitte completes its audits of the company's consolidated financial statements and internal control over financial reporting for the year ending Dec. 31, 2026. The company expects PwC to audit fiscal 2027, subject to the firm's standard client acceptance process.
Deloitte's reports on the company's financial statements for 2025 and 2024 contained no adverse opinion or disclaimer of opinion. They were not qualified or modified as to uncertainty, audit scope or accounting principles.
The company said there were no disagreements with Deloitte on accounting principles, financial statement disclosure or audit scope in 2025, 2024 or the period through Oct. 28, 2026. It also reported no reportable events in that span.
Neither the company nor anyone acting for it consulted PwC on accounting or audit matters in those periods.
In a letter dated Oct. 30, Deloitte agreed with the company's statements where it had a basis to comment, and said it had no basis to agree or disagree with the rest.