PwC in the money with new publisher’s audit
PwC replaces Deloitte as auditors of FTSE 250 publisher Euromoney Institutional Investor
INTERNATIONAL publishing company Euromoney Institutional Investor has appointed PwC as its auditors following a competitive tender process.
PwC will replace rivals Deloitte, who have vetted Euromoney’s accounts since 1998. Euromoney paid Deloitte £829,000 in audit fees last year, in addition to £114,000 for assurance services and £166,000 for non-audit work, according to the company’s 2013 accounts.
The FTSE 250 publisher, which is majority owned by the Daily Mail and General Trust Group, said PWC will be appointed as Euromoney’s statutory auditor, subject to approval by shareholders at the AGM on 29 January 2015.