PracticeAuditE&Y lose out to Deloitte on AIB audit

E&Y lose out to Deloitte on AIB audit

Troubled Anglo Irish Bank switch external auditors after ten years

Deloitte has been appointed external auditor of the government backed Anglo
Irish Bank, replacing Ernst & Young, The Irish Times reported.

Anglo Irish Bank, which was hit hard by the financial crisis, has been at the
centre of controversy and is currently being investigated by The Garda,
Financial Regulator, Director of Corporate Enforcement and the Irish Auditing
and Accounting Supervisory Authority.

In March, the bank reported €4.1bn (£3.52bn) in toxic debt, leading to
questions about its financial management.

According to the Times, E&Y had signaled its intention to bid
for the external audit contract. It was suggested however that the fallout,
following Anglo’s much publicised financial troubles, may have affected E&
Y’s chances.

The Times reported that E&Y earned €9.1m (£7.8m) in fees from the Anglo
audit over the past 10 years.

Read the full story:
Anglo
Irish Bank appoints Deloitte as auditor

Related Articles

BDO replaces Deloitte as Mitie auditor

Audit BDO replaces Deloitte as Mitie auditor

4w Emma Smith, Managing Editor
PwC to take over from Deloitte as Diploma auditor

Accounting Firms PwC to take over from Deloitte as Diploma auditor

1m 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

1m Alia Shoaib, Reporter
Deloitte scoops GSK 'mega audit' from PwC

Audit Deloitte scoops GSK 'mega audit' from PwC

10m Kevin Reed, Writer
PwC scoops Rolls-Royce audit as tender results pile up

Accounting Firms PwC scoops Rolls-Royce audit as tender results pile up

10m Stephanie Wix, Writer
Latest Big Four auditor changes

Audit Latest Big Four auditor changes

2m Alia Shoaib, Reporter
FRC closes investigation into PwC over Tesco accounts

Accounting Firms FRC closes investigation into PwC over Tesco accounts

4m Alia Shoaib, Reporter
Deloitte set for brickbuilder Ibstock audit

Accounting Firms Deloitte set for brickbuilder Ibstock audit

10m Stephanie Wix, Writer