PracticeAuditPKF succeeds PwC as ViCTory VCT auditor

PKF succeeds PwC as ViCTory VCT auditor

Global investment company ViCTory VCT is changing its auditor from PwC to PKF as part of a cost-cutting drive

PKF SUCCEEDS PwC as auditor of global investment company ViCTory VCT.

VCT has changed auditor as part of a cost cutting exercise.

A statement from the company said: “The reason for the resignation of PwC was that as part of a cost cutting exercise the company has chosen another firm as auditors at a lower fee than PwC for their audit for the year ended 31 January 2010.”

The company has today sent a letter detailing the resignation of PwC to shareholders.

The board will announce the formal appointment of PKF to fill the vacancy in the near future, although no date has yet been set.

 

Related Articles

KPMG replaces PwC as Croda auditor

Accounting Firms KPMG replaces PwC as Croda auditor

2m Emma Smith, Managing Editor
FRC closes investigation into PwC over Barclays compliance

Accounting Firms FRC closes investigation into PwC over Barclays compliance

2m Alia Shoaib, Reporter
PwC to audit BBC pay policies following gender pay gap outrage

Accounting Firms PwC to audit BBC pay policies following gender pay gap outrage

3m Alia Shoaib, Reporter
PwC to take over from Deloitte as Diploma auditor

Accounting Firms PwC to take over from Deloitte as Diploma auditor

3m Alia Shoaib, Reporter
Deloitte rises in auditor rankings with most FTSE 250 clients

Accounting Firms Deloitte rises in auditor rankings with most FTSE 250 clients

3m Alia Shoaib, Reporter
Latest Big Four auditor changes

Audit Latest Big Four auditor changes

4m Alia Shoaib, Reporter
PwC fined a record £5.1m by the FRC over RSM Tenon audit

Audit PwC fined a record £5.1m by the FRC over RSM Tenon audit

4m Alia Shoaib, Reporter
Toshiba narrowly escapes delisting as PwC finally signs off on accounts

Audit Toshiba narrowly escapes delisting as PwC finally signs off on accounts

4m Alia Shoaib, Reporter