The company, which includes US subsidiary Fox Entertainment, made the announcement today after the Australian Securities and Investment Commission granted permission for Newscorp to replace the rapidly-disappearing firm.
Ironically, Newscorp has chosen Ernst & Young for its new auditor – the firm set to take over Andersen in Australia and New Zealand.
In a statement to the Australian Stock Exchange, Newscorp said the decision was not the result of any disagreements with the firm over previous audits but because of the ‘uncertain future of Andersen’s international structure’.
Yesterday Andersen UK, which has clinched a tie-up with Deloitte & Touche, said it was to shed 1,500 jobs, or about 30% of its British workforce.
The average cost of fraud increased 35.4% to £3.9m in 2016, compared to 2015 data
Harrison Beale & Owen will (HB&O) have a new chairman and managing director at the helm for 2017
Satvir Bungar promoted to managing director in the mergers and acquisitions team
Carolyn Brown appointed as the first head of client legal services practice RSM Legal