EY retains Britvic audit

EY has been retained as auditors of Britvic following a competitive tender process, the soft drinks company has said.

EY has audited the FTSE 250 business since its listing on the London Stock Exchange in 2005.

The appointment comes after new EU rules were implemented to increase competition in the large company audit market.

Ian McHoul, chair of Britvic’s audit committee said: “We indicated our intention to tender the audit in the company’s 2015 annual report and have conducted a robust and comprehensive process which has led to the audit committee’s recommendation to retain EY.

In 2015, EY earned £600,000 in audit fees and £2.4m in non-audit fees from Britvic.

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