Shareholder activist group Pensions Investment Research Consultants (PIRC) had told shareholders in the company that it should oppose PwC’s reappointment due to the level of non-audit work that is carried out by the firm, threatening its independence and objectivity.
However these concerns were not shared by the majority of stakeholders, with 56% voting for reappointment, compared with 2.5% voting against.
Similar concerns with KPMG’s position as auditor of high street bank HSBC were also ignored, with just 1.1% objecting to their reappointment.
Two new audit partners have been appointed at the firm BDO in its audit practice following continued growth and investment
Investment in people, tech and businesses impacts on EY's profit per partner figure
If businesses do not take cyber security seriously in their business planning regulators may do it for them, the ICAEW has warned
Dr Richard Willis provides a several thousand-year history lesson of the profession, from origin to modern-day