Shell plc announced today the requirement to file amended versions of its annual reports on Form 20-F for the fiscal years 2023 and 2024, following notification received from its auditor Ernst & Young LLP (EY). EY informed the company that it had failed to comply with auditor independence rules set forth by the U.S. Securities and Exchange Commission (SEC) during these two years. Despite these required administrative amendments, Shell specified that its financial statements for the concerned fiscal years remain unchanged. Likewise, EY's audit opinions retain their original unqualified status. Non-compliance with rotation timelines EY notified Shell plc's Audit and Risk Committee of the Board that its previously issued audit reports for 2023 and 2024 could no longer be considered compliant with US auditor independence rules. This breach stems from a violation of US requirements concerning the mandatory rotation of audit engagement partners.