PracticeAuditAMEC and Punch swap auditors

AMEC and Punch swap auditors

KPMG wins Punch, E&Y wins AMEX in audit swap

The auditor merry-go-round is spinning furiously.

Punch
Taverns
has awarded its audit to KPMG, having used Ernst &
Young since 2002.

A tender process was initiated due to the length of time E&Y had served
as its auditors.

Engineering business
AMEC chose
Ernst & Young to undertake its audit, replacing KPMG. The firm had audited
the FTSE 100 company’s books for 20 years.

Further reading:

Auditors
could oversee new investment standards

BP
pays E&Y £54m in fees

RBS
audit chairman Hunter to step down

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