PracticeAuditSafferys loses audit role after fifty years

Safferys loses audit role after fifty years

Charles Stanley Group chooses KPMG as its new auditor, after fifty years with Saffery Champness

Charles Stanley Group has changed its auditors of fifty years, Saffery
Champness, and replaced the firm with
KPMG.

The Big Four auditor was appointed in place of Safferys after a competitive
tender.

“We retain the highest regard for Saffery Champness, who will continue to
provide other services to the group,” stated Charles Stanley chairman Sir David
Howard in a circular to shareholders.

There were no other circumstances surrounding the switch that required
bringing to the attention of creditors or shareholders of the group.

Charles
Stanley
has been a member of the London Stock Exchange since 1852,
and provides stockbroking and investment services.

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