Cosan S.A. (CSAN) appoints PwC as new independent auditor

Cosan S.A. (NYSE: CSAN), a prominent player in the Oil, Gas & Consumable Fuels industry with a market capitalization of $2.4 billion and annual revenue of $7.65 billion, has announced a change in its independent auditing services. The company's Board of Directors, in a meeting on February 4, 2025, approved the engagement of PricewaterhouseCoopers Auditores Independentes Ltda ("PwC") to replace the former auditing firm, BDO RCS Auditores Independentes SS Ltda.

The decision to appoint PwC was made following a competitive selection process aimed at improving market conditions, efficiency, and the streamlining of the audit process for Cosan and its group entities. PwC will begin its auditing services with the review of Cosan's financials for the first quarter of 2025. The company's strong financial position is evidenced by its healthy current ratio of 1.86, indicating liquid assets exceed short-term obligations. Additionally, PwC will extend its auditing services to Cosan's subsidiaries, which include Rumo, Compass, and Moove, along with their respective subsidiaries and affiliates.

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