RETAIL GAS business Centrica is lining up an audit tender in the next couple of years.
The FTSE-listed business has been audited by PwC since it was formed from the demerger of British Gas into exploration and retail businesses.
In Centrica’s 2013 annual report, it has outlined intention to tender its audit before 2017. PwC has been recommended by the audit committee to continue in the role, which will be proposed at Centrica’s next AGM.
PwC received £8.7m in fees for its work with Centrica, which includes £3.1m for non-audit services.
Centrica also stated that Deloitte a range of services during the year, in areas including employment taxes, share schemes, pensions, corporate finance, management consulting and internal audit.
Liz Sandwith joins Chartered Institute of Internal Auditors after five years with Bupa
Paul Eagland speaks to Accountancy Age ahead of taking the reins as BDO managing partner in October
EY has been BG auditor since 2013, while it was recently appointed Royal Dutch Shell auditor
FRC to raise levies as government funding withdrawn