However, the company said it had decided to appoint Deloitte & Touche as its new auditor – the firm which is acquiring Andersen – meaning WPP is likely to continue to be audited by the same individuals.
Shareholders will be asked to approve the decision at it’s upcoming annual general meeting.
The decision follows months of speculation about whether WPP would retain Andersen after the accounting firm’s London office was named in the Enron saga.
WPP is the latest in a long line of high-profile clients to have deserted Andersen. It is estimated some 90 companies have axed Andersen in the last week alone.
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