TORONTO, March 8, 2013 /CNW/ - The Board of Directors of BNS Split Corp. II
(the "Company") announced today that it has engaged PricewaterhouseCoopers LLP
(the "Successor Auditor") as the Company's new auditors effective May 5,
2013. PricewaterhouseCoopers LLP will audit the Company's financial
statements for the year ended September 22, 2013. The Company had previously
engaged Deloitte LLP (the "Former Auditor") as its auditor.
The change follows a request for proposal initiated by Scotia Managed
Companies Administration Inc. (the "Administrator") in late 2012 for all of
the investment funds managed by the Administrator. Previously, several audit
firms were engaged for the investment funds (the "Funds") managed by the
Administrator. Changing and consolidating audit firms is expected to result in
cost efficiencies for the Company.
There were no disagreements with the Former Auditor on any matter of
accounting principles or practices, financial statement disclosure, or
auditing scope or procedure for the period that their auditing services were
The Former Auditor audited the annual financial statements of the Company for
the most recently completed fiscal year. Their audit report did not contain
any reservations and did not provide a modified opinion. There were also no
reportable events between the Company and the Former Auditor including
disagreements, unresolved issues or consultations as defined in National
Instrument 51-102, continuous disclosure.
The resignation of the Former Auditor and the recommendation to appoint the
Successor Auditor was approved by the Audit Committee, the Board of Directors
and the Independent Review Committee of the Company.
BNS Split Corp. II is a mutual fund corporation created to hold a portfolio of
common shares of The Bank of Nova Scotia. Capital Shares and Preferred
Shares of BNS Split Corp. II are listed for trading on The Toronto Stock
Exchange under the symbols BSC and BSC.PR.B respectively.
Investor Relations BNS Split Corp. II (416) 863-7301
E-mail:email@example.com Web site:www.scotiamanagedcompanies.com
40 King Street West, 26th Floor, Toronto, Ontario M5W 2X6 Tel: (416)
863-7301 Fax: (416) 863-7425
SOURCE: BNS Split Corp. II
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CO: BNS Split Corp. II
NI: FIN 2575 WNEWS
-0- Mar/08/2013 21:27 GMT
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