Stagecoach leaves Andersen at the station
Stagecoach has joined the rapidly increasing ranks of ex-Andersen clients by announcing it has appointed PricewaterhouseCoopers as its new auditor.
According to reports, Stagecoach ditched Andersen, soon to become part of Deloitte & Touche in the UK, because it was no longer able to offer the global reach required by the public transport operator.
The news came as the Bank of China, currently preparing to float in New York and Hong Kong, also announced it no longer required Andersens services. Again, PwC has been called in to take charge of the audit.