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    AMEC and Punch swap auditors

    AMEC and Punch swap auditors

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

    Author Writer Date published March 11, 2010 Categories

    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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