The general shareholders meeting of Greenalia S.A. has approved the selection of EY as the auditor of Greenalia S.A., Greenalia Forest, S.L. and the group consolidated accounts, for the next three years. PwC had been the auditor of the group since its constitution in 2014 and of the company Greenalia Forest S.L. since 2013.
Among the criteria considered for this decision, stands out the experience of EY as a reference auditor in the sectors where the company carries out its activity.
Greenalia S.A. and Greenalia Forest S.L. confirm their commitment to have a top-level company (bigfour) as the auditor of their accounts. This decision is part of the company’s strategy to improve transparency towards its customers, shareholders, financial entities and other interested parties.
Ernst & Young, now known as EY, is one of the leading professional services firms worldwide. EY is part of the group called ‘Big Four’; meaning the four most important auditing companies in the world together with PwC, Deloitte and KPMG.
EY is the Professional Services Firm that has the highest growth among the Big Four, with a turnover of 426.4 million euros in 2017, which represents a growth of 10.4%. In addition, EY is the only one among the big ones that increases its income at two digits, consolidating the third position among the Big Four, according to the ranking prepared by Expansión and El Economista.