Online trader Tradus upgrades to KPMG for audits

A booming internet company has dumped its auditors and brought in KPMG after
joining the FTSE 250.

Tradus, an online trading platform provider, said today that KPMG would
takeover external auditing duties from
with immediate effect.

The move will add weight to the belief that companies dismiss the idea of
firms outside the Big Four being able to handle major audits.

Tradus said: ‘The board decided last year to review the company’s audit needs
in light of the continuing rapid growth of the group, the increasingly wide
geographic scope of its operations and its recent entry into the FTSE 250 index.

In response to the review , Wingrave Yeats said that it would not seek to
carry out the audit of the group’s next set of accounts for the year ending 31
March 2008.

Tradus added: ‘The board would like to thank Wingrave Yeats for their
valuable assistance over the last four years.’

Further reading:

KPMG revenues top £1.6bn with
bonuses of £100m

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