CIBC Asset Management today announced that it will change auditors for certain funds it manages effective June 30.

The affected funds are: CIBC Mutual Funds; CIBC Balanced Index Fund; CIBC Family of Managed Portfolios; Imperial Pools; the Talvest Funds; Renaissance Mutual Funds; Frontiers Pools; Renaissance Talvest Mutual Funds and Talvest Renaissance Mutual Funds; and Axiom Portfolios.

Ernst & Young LLP will become the auditors of each of the funds, replacing Deloitte & Touche LLP and PricewaterhouseCoopers LLP.

E&Y is a global accounting firm that acts as auditors for a number of Canadian mutual fund families and currently acts as auditors for CIBC and its subsidiaries.

CIBC Asset Management says the independent review committee of the funds has reviewed the change of auditors and notice of the change will be sent to all unitholders.