PracticeAuditPwC gets vocal over lost BG audit

PwC gets vocal over lost BG audit

The Big Four firm is unusually chatty about losing a major audit, notes TS...

TS WAS INTRIGUED to see that PwC had issued a comment over losing the BG Group audit to E&Y.

‘That’s an unusual thing to do’ was the gist of comments from within the bowels of TS Towers yesterday afternoon.

In fact, firms don’t seem to like any attention even when they win audit contracts. They don’t like talking about clients, you see. What a boring lot.

So here’s what James Chalmers, PwC’s UK head of assurance, said: “We operate in a fiercely competitive market where all participants win and lose audits. We are committed to delivering high-quality audits for the benefit of our clients and their shareholders.”

And then it became clear to TS. What message is PwC (along with the other Big Four firms) trying to push out? That the market is competitive enough without those nasty Competition Commission or EC bods sticking their noses in.

Hence, PwC’s comment. TS isn’t just a pretty face, you know.

Related Articles

KPMG replaces PwC as Croda auditor

Accounting Firms KPMG replaces PwC as Croda auditor

1m Emma Smith, Managing Editor
FRC closes investigation into PwC over Barclays compliance

Accounting Firms FRC closes investigation into PwC over Barclays compliance

2m Alia Shoaib, Reporter
PwC to audit BBC pay policies following gender pay gap outrage

Accounting Firms PwC to audit BBC pay policies following gender pay gap outrage

3m Alia Shoaib, Reporter
PwC fined a record £5.1m by the FRC over RSM Tenon audit

Audit PwC fined a record £5.1m by the FRC over RSM Tenon audit

3m Alia Shoaib, Reporter
Toshiba narrowly escapes delisting as PwC finally signs off on accounts

Audit Toshiba narrowly escapes delisting as PwC finally signs off on accounts

3m Alia Shoaib, Reporter
PwC to take over from Deloitte as Diploma auditor

Accounting Firms PwC to take over from Deloitte as Diploma auditor

3m Alia Shoaib, Reporter
Deloitte rises in auditor rankings with most FTSE 250 clients

Accounting Firms Deloitte rises in auditor rankings with most FTSE 250 clients

3m Alia Shoaib, Reporter
Latest Big Four auditor changes

Audit Latest Big Four auditor changes

3m Alia Shoaib, Reporter