PracticeAuditOnline trader Tradus upgrades to KPMG for audits

Online trader Tradus upgrades to KPMG for audits

Online trading platform company swaps auditors Wingrave Yeats for Big Four heavyweight after significant period of growth

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
Wingrave
Yeats
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

Related Articles

PwC replaces EY as Domino's auditor

Audit PwC replaces EY as Domino's auditor

4d Alia Shoaib, Reporter
The ‘uncomfortable truth’ behind FRC’s Big Four fines recommendations

Audit The ‘uncomfortable truth’ behind FRC’s Big Four fines recommendations

1w Carl Johnson, Stephensons
BDO holds off Big Four to retain top position as AIM auditor

Audit BDO holds off Big Four to retain top position as AIM auditor

1w Alia Shoaib, Reporter
FRC urged to fine Big Four firms penalties over £10m

Audit FRC urged to fine Big Four firms penalties over £10m

3w Alia Shoaib, Reporter
EY to audit Standard Chartered bank

Audit EY to audit Standard Chartered bank

1m Alia Shoaib, Reporter
KPMG replaces PwC as Croda auditor

Accounting Firms KPMG replaces PwC as Croda auditor

2m Emma Smith, Managing Editor
EY fined £1.8m over Tech Data audit

Accounting Standards EY fined £1.8m over Tech Data audit

2m Emma Smith, Managing Editor
Top 50+50: Firms post significant growth in new tax and audit rankings

Audit Top 50+50: Firms post significant growth in new tax and audit rankings

2m Emma Smith, Managing Editor