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OVERLAND PARK, KS - Tortoise Energy Infrastructure Corp (NYSE:TYG) has changed its independent registered public accounting firm from Ernst & Young LLP to Tait, Weller & Baker LLP, as reported in a recent SEC filing. The decision was made by the Board of Directors on Monday and Ernst & Young was notified of their dismissal the following day.
Ernst & Young's reports for the fiscal years ending November 30, 2023, and November 30, 2024, did not contain any adverse opinion or disclaimer and were not qualified or modified regarding accounting principles or audit scope. There were no disagreements on financial disclosures or auditing procedures that would have required Ernst & Young to report on these matters during the fiscal years or up until the change on April 3, 2025.
The only reportable event mentioned was a material weakness in internal controls over financial reporting for the year ended November 30, 2022, which related to accounting for income taxes due to the Fund’s anticipated conversion from a Corporation to a Regulated Investment Company. This weakness was remediated by the end of November 30, 2023.
Tait, Weller & Baker LLP has not provided any consultation to the Fund or anyone on its behalf regarding the application of accounting principles or the type of audit opinion that might be rendered on the Fund’s financial statements. There were no disagreements or reportable events involving Tait, Weller & Baker LLP during the two fiscal years or the period leading up to their engagement.
Ernst & Young LLP has issued a letter, dated today, to the SEC agreeing with the statements made by the Fund in the filing. This letter is included as an exhibit in the report.
This change comes as part of the Fund’s ongoing efforts to manage its financial reporting and compliance. The information in this article is based on a press release statement from Tortoise Energy Infrastructure Corp.
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