The auditor merry-go-round is spinning furiously.
Punch Taverns has awarded its audit to KPMG, having used Ernst & Young since 2002.
AMEC and Punch swap auditors
KPMG wins Punch, E&Y wins AMEX in audit swap
Accountancy Age, 11 Mar 2010
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A tender process was initiated due to the length of time E&Y had served as its auditors.
Engineering business AMEC chose Ernst & Young to undertake its audit, replacing KPMG. The firm had audited the FTSE 100 company's books for 20 years.
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