PracticeAuditWetherspoons to replace PwC as auditor

Wetherspoons to replace PwC as auditor

J D Wetherspoon will replace PwC as its auditor, terminating a 34 year relationship

J D Wetherspoon will replace PwC as its auditor, terminating a 34 year relationship.

The pub chain confirmed that after a competitive tender process it is recommending Grant Thornton, top 5 firm, to its shareholders as replacement auditor.

PwC will continue auditing Wetherspoons until 31 July 2017.

European audit reform legislation that came into effect last year requires companies to put their audit out to tender every 10 years. PwC did not put a tender offer in following Wetherspoon’s decision to enforce mandatory audit rotation.

The Big 4 firm earned £217,000 from the FTSE 250 company in 2016, according to Wetherspoon’s annual report.

This follows news that Ukraine has removed PwC’s bank auditing rights.

Grant Thornton recently made appointments to its transaction advisory services and with an independent non-executive director.

Related Articles

Deloitte’s audits of Hezbollah-linked bank to be examined by Dubai court

Audit Deloitte’s audits of Hezbollah-linked bank to be examined by Dubai court

1w Alia Shoaib, Reporter
PwC pay gap review finds “no evidence of gender bias” at BBC

Audit PwC pay gap review finds “no evidence of gender bias” at BBC

2w Alia Shoaib, Reporter
Shareholders bring lawsuit against Steinhoff and Deloitte

Audit Shareholders bring lawsuit against Steinhoff and Deloitte

3w Alia Shoaib, Reporter
Carillion collapse: FRC to investigate KPMG over audit work

Audit Carillion collapse: FRC to investigate KPMG over audit work

3w Alia Shoaib, Reporter
Former KPMG partners charged over PCAOB data leaks

Audit Former KPMG partners charged over PCAOB data leaks

4w Alia Shoaib, Reporter
PwC’s slapped with 2 year audit ban in India

Audit PwC’s slapped with 2 year audit ban in India

4w Alia Shoaib, Reporter
PwC found negligent by US judge over Colonial Bank's $2bn fraud

Audit PwC found negligent by US judge over Colonial Bank's $2bn fraud

2m Alia Shoaib, Reporter
Deloitte South Africa investigated over Steinhoff audits

Audit Deloitte South Africa investigated over Steinhoff audits

2m Alia Shoaib, Reporter