Shareholders activist group Pensions Investment Research Consultants (Pirc), say stockholders should vote against E&Y over the ‘excessive’ fees it earns from its non-audit work, The Observer reported.
According to Pirc: non-audit fees stand at £4.1m, while audit fees are just £1.3m.
Pirc also wants shareholders to vote against the remuneration report because bonus targets are too lax and termination provisions too generous for directors leaving before their contracts end.
The AGM takes place on Thursday.
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