Billiton dumps PwC in favour of KPMG
Mining group BHP Billiton has dropped PriceWaterhouseCoopers as one of itsauditors and awarded all its work to KPMG.
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The decision follows a review of BHP’s auditing system.
The review was carried out in-house by the company’s risk management and audit committee and was aimed at increasing the efficiency of audit process.
As part of the review, proposals were invited from both KPMG and PriceWaterhouseCoopers.
Last month BHP announced that it would stop the quarterly reporting of financial results.
It employs some 35,000 staff in approximately 20 different countries. Before tax turnover during this was some £10bn.