Dual-listed ScottishPower has ditched PricewaterhouseCoopers in favour of Big
Four rival Deloitte.
The deal is major loss for PwC and a big gain for Deloitte, with the audit
generating fees of £19m for the last three years.
In 2005, PwC pocketed £2.4m for the statutory audit alone and a further £3.9m
for supplementary services such as compliance advice, the Herald
It’s the second major coup for Deloitte, having captured Royal Bank of
Scotland – also from PwC – at the turn of the decade.
Last year Deloitte, received a total of £24.3m in fees from RBS.
Simon Wright of CareersinAudit.com discusses how an effective cyber defence force is critical to businesses worldwide and how internal auditors can make the transition to a new career in cyber security
The FRC has said that the investigation will 'consider, but not be restricted to, issues regarding misstated accounting balances'
Craig Maxwell joins the audit and assurance team in Scotland
Stephen Grayson to join the audit department in Manchester