PracticeAccounting FirmsDeloitte replaces PwC as Provident Financial auditors

Deloitte replaces PwC as Provident Financial auditors

FTSE 250 business Provident Financial announces that Deloitte has replaced PwC as its auditors with immediate effect

DELOITTE HAS CONFIRMED its dominance of the FTSE 250 audit market by picking up a client from Big Four rival PwC.

FTSE 250 business Provident Financial announced that Deloitte has replaced PwC as its auditors with immediate effect following a “rigorous” tender process.

In May it emerged that Deloitte had overtaken PwC to become the most popular auditor to FTSE 250 clients.

According to the Morningstar rankings, Deloitte picked up three clients in the last quarter, taking its total to 69. PwC stayed constant with 67 clients, which saw it slip into second place.

Last week, KPMG won the audit contract of FTSE 100-listed copper producer Kazakhmys, replacing Ernst & Young.

Read Accountancy Age’s 2009 interview with Provident Financial finance director Andrew Fisher here.

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