PracticeAuditDeloitte shunts PwC off railway audit

Deloitte shunts PwC off railway audit

Canadian Pacific Rail replaces PwC with Deloitte as auditor

DELOITTE HAS BEATEN PwC to win the audit of railway company Canadian Pacific, displacing its Big Four rival.

The appointment took effect from 12 May 2011, a company statement released today has said.

PwC has been the firm’s auditor for over a decade.

The company is Canada’s second biggest rail operator, with revenues of nearly $5bn (£3.2bn) in 2010.

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