TORONTO, September 8, 2022 /CNW/ – Knowledge First Financial Inc., canada largest RESP company, and the Knowledge First Foundation announced today that they have selected a new external auditor for their Flex First and Family Single Student Registered Education Savings Plans.
Effective September 6, 2022, KPMG LLP (“Successor Auditor”) has succeeded PricewaterhouseCoopers LLP (“Former Auditor”) as the organization’s external auditor. This decision has been reviewed and approved by the boards of directors of Knowledge First Financial (“The Manager”) and the Knowledge First Foundation (“The Foundation”).
The Board thanks PricewaterhouseCoopers LLC for its auditing services and looks forward to working with KPMG LLP in the future.
There were no caveats in the former auditor’s reports for financial statements in any period prior to the effective date of the amendment, nor were there “reportable events” between the two companies as defined in National Instrument 51-102, Continuous Disclosure Obligations.
In accordance with NI 51-102, the notice of change of auditor, along with the required letters from the former auditor and the successor auditor, have been reviewed by the Board of Directors of the Manager and the Foundation and filed on SEDAR.
About Knowledge First Financial
Knowledge First Financial Inc. is Canada’s largest registered education savings company. With over $6.0 billion in assets under management, the firm is committed to empowering students by providing them with the resources they need to thrive financially and mentally on their academic journey. A wholly owned subsidiary of the Knowledge First Foundation, a non-profit Canadian corporation, the company manages over 600,000 RESPs for clients and assists approximately 60,000 students each year through post-secondary studies. Since 1965, the company has paid out approximately $9.0 billion to subscribers and students through its plans.
SOURCE Knowledge First Financial Inc.
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