The win for Grant Thornton signifies its biggest audit contract as the Big Five firms struggle to restore confidence in their audits following the collapse of Enron.
The reasons for PwC’s resignation remain unclear though a Harrods spokesman is reported as saying that it came about by ‘mutual agreement’.
A spokesman for PwC said the auditor had resigned from Harrods but was unable to comment further.
PwC will however have to file a report with Companies House explaining why it resigned.
HMRC breaches client confidentiality; and partner profits fall at EY. These stories and more discussed in Friday Afternoon Live
Two new audit partners have been appointed at the firm BDO in its audit practice following continued growth and investment
Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and the Prelude Group
Six new partners have been revealed by top ten firm Mazars