Auditing News

• March 26, 2019 Grant Thornton Wins Mothercare Audit Mothercare, a British retailer which specializes in products for mothers and children up to 8 years old, has selected Grant Thornton to replace Deloitte as its new external auditor with effect from March 28, 2020. The ...
• March 22, 2019 EY Set to Replace Deloitte as Tullow Oil’s New External Auditor EY is set to be appointed as the new external auditor of multinational gas and oil exploration company with the name of Tullow Oil, replacing another big four firm Deloitte which held the said role since 2002 The oil ...
• March 19, 2019 PwC pays £253m to Settle Claims of Professional Negligence PwC has made payment of £253m ($335m) to settle claims relating to professional negligence in the firm’s audit of the Colonial Bank. The claims of negligence have been brought to attention by the Federal Deposit ...
• March 12, 2019 Deloitte Wins CRH Audit Deloitte is set to replace EY as the new auditor of CRH plc, a building firm, for the financial year ending December 31, 2020. EY has been auditor to the building company since 1988 but now it’s looking like Deloitte will ...
• March 6, 2019 EY is expected to Replace KPMG as New Auditor of Aston Martin EY has replaced KPMG as new auditor of luxury sports cars manufacturer, Aston Martin, after KPMG refused to reapply for tender process less than 3 months after the company got listed on the Stock Exchange. EY is expected ...
• February 26, 2019 Vodafone Replaces PwC with EY as its New External Auditor Vodafone Group has decided to replace PwC with EY as its auditor for the financial year ending March 31, 2020. The decision of appointing EY as the group’s new external auditor has been taken in light of the results of a ...
• January 29, 2019 EY Replaces Deloitte as Capital Group’s New External Auditor EY has replaced Deloitte as new external auditor of the FTSE 250 firm Capital Group (ICG) for the fiscal year ending March 31, 2021. ICG had previously said that it must appoint a new external auditor for the ...
• December 3, 2018 Need to ‘think small’ on audit standards As per ACCA (Association of Certified Chartered Accountants), Standard setting bodies/ institutions should make sure that the standards on auditing should have a simpler structure and language in order to address the ...
• November 27, 2018 Deloitte Replaces PwC as Lloyds Bank New External Auditor PwC has been replaced by Deloitte as Lloyds banking group’s new external auditor for the fiscal year ending December 31, 2021. The said decision resulted in ending of a 153-year relationship between the Lloyds banking ...
• November 21, 2018 Oman Regulator Suspends KPMG from Beginning New Audits for a Year Securities regulator in Oman has suspended the big four firm KPMG from auditing entities for a year following an investigation that found major financial irregularities at some listed companies. The regulator has ...