KPMG replaces PwC as Croda auditor

KPMG replaces PwC as Croda auditor

KPMG will take on audit responsibilities from 1 January 2018, with shareholders due to vote on the firm’s appointment in April next year at Croda’s Annual General Meeting

KPMG has been appointed as auditor of FTSE 100 chemicals company Croda.

KPMG will take on audit responsibilities from 1 January 2018, with shareholders due to vote on the firm’s appointment in April next year at Croda’s Annual General Meeting.

Croda said that as PwC had been the company’s auditor for more than 20 years, in accordance with the Statutory Audit Services Order 2014, the firm had not been invited to retender for the role.

Chairman of Croda, Alan Ferguson, said: “On behalf of the Board, I would like to thank PwC for their service over many years as the Company’s Auditor. We look forward to working with KPMG in the future.”

PwC recently topped the Accountancy Age Top 15 Audit Firms 2017 table with audit income of £1.24bn. KPMG were fourth in the table with income of £498m.

The Q3 all-market auditor rankings from Adviser Rankings released last month, named PwC as the firm with the most FTSE 100 audit clients, with KPMG in second place. KPMG retained the top position in terms of total number of stock market clients.

Share

Subscribe to get your daily business insights

Resources & Whitepapers

The importance of UX in accounts payable: Often overlooked, always essential
AP

The importance of UX in accounts payable: Often overlooked, always essentia...

1m Kloo

The importance of UX in accounts payable: Often ov...

Embracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...

View article
The power of customisation in accounting systems
Accounting Software

The power of customisation in accounting systems

2m Kloo

The power of customisation in accounting systems

Organisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...

View article
Turn Accounts Payable into a value-engine
Accounting Firms

Turn Accounts Payable into a value-engine

3y

Turn Accounts Payable into a value-engine

In a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...

View resource
8 Key metrics to measure to optimise accounts payable efficiency
AP

8 Key metrics to measure to optimise accounts payable efficiency

2m Kloo

8 Key metrics to measure to optimise accounts paya...

Discover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...

View article