Exhibit 99.ACCT
EXHIBIT (a)(4)
KPMG LLP (KPMG) served as the independent registered public accounting firm of the Funds, included in Appendix A, each a Series of Prudential Investment Portfolios 2, for the fiscal years ended January 31, 2019 and January 31, 2020. KPMG’s reports on the financial statements for the fiscal years ended January 31, 2019 and January 31, 2020 contained no adverse opinion or disclaimer of opinion nor were they qualified or modified as to uncertainty, audit scope or accounting principle. Through December 12, 2019, the date of dismissal, and during such fiscal year-ends, (i) there were no disagreements with KPMG on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure, which disagreements, if not resolved to the satisfaction of KPMG, would have caused them to make reference to the subject matter of the disagreements in connection with their reports on the Funds’ financial statements for such period, and (ii) there were no “reportable events” of the kind described in Item 304(a)(1)(v) of RegulationS-K under the Securities Exchange Act of 1934, as amended.
On December 12, 2019, the Audit Committee and the Trust’s Board of Trustees approved the engagement of PricewaterhouseCoopers LLP (PwC), to serve as the independent registered public accounting firm for Funds’ fiscal year ending January 31, 2021, thereby replacing KPMG effective upon completion of their January 31, 2020 audit and issuance of their report thereon. Through December 12, 2019 and during the Funds’ fiscal years ended January 31, 2019 and January 31, 2020, neither Prudential Investment Portfolios 2 nor the Funds, nor anyone on their behalf, consulted with PwC on items which: (i) concerned the application of accounting principles to a specified transaction, either completed or proposed, or the type of audit opinion that might be rendered on the Funds’ financial statements; or (ii) concerned the subject of a disagreement (as defined in paragraph (a)(1)(iv) of Item 304 of RegulationS-K) or reportable events (as described in paragraph (a)(1)(v) of said Item 304).
Appendix A:
PGIM Core Short-Term Bond Fund
PGIM Core Ultra Short Bond Fund
PGIM Institutional Money Market Fund
April 2, 2020
Securities and Exchange Commission
Washington, D.C. 20549
Ladies and Gentlemen:
We were previously principal accountants for the Prudential Investment Portfolios 2 Funds included in Appendix A, and under the date of March 18, 2020, we reported on the financial statements of the Prudential Investment Portfolios 2 Funds as of and for the years ended January 31, 2020 and 2019. On December 12, 2019, we were dismissed as independent registered public accountant effective upon completion of the audits and the issuance of our report thereon dated March 18, 2020.
We have read the statements made by Prudential Investment Portfolios 2 included under Item 13(a)(4) of FormN-CSR dated April 2, 2020, and we agree with such statements except that we are not in a position to agree or disagree with the statements that (1) the Audit Committee and Prudential Investment Portfolios 2’s Board of Trustees approved the engagement of PricewaterhouseCoopers LLP (PwC) to serve as the independent registered public accounting firm, and (2) neither Prudential Investment Portfolios 2 nor the Funds, nor anyone on their behalf, consulted with PwC on items which: (i) concerned the application of accounting principles to a specified transaction, or the type of audit opinion that might be rendered on the Funds’ financial statements; or (ii) concerned the subject of a disagreement or reportable events.
Very truly yours,
KPMG LLP
Appendix A
|
Fund |
PGIM Core Short-Term Bond Fund |
PGIM Core Ultra Short Bond Fund |
PGIM Institutional Money Market Fund |
