ABERDEEN Asset Management will put its audit contract on the market in 2015, in a sign that Britain’s biggest companies are responding to pressure to break their cosy ties with the firms that vet their accounts.
The FTSE 100 fund manager said in its annual report that is considering ending its 30 year audit relationship with KPMG in order to comply with new recommendations in the corporate governance code that audits should be put out for tender every ten years.
“The audit committee has continuously reviewed the performance of the external auditors and has been satisfied on both the independence of KPMG and the rigour of their audit,” it said in its annual report.
The pace at which lucrative audits are coming to market has started to pick up with Vodafone, the UK’s second-largest listed company, putting its audit out to tender for the first time since its stock market listing in 1998.
Partners at the insolvency firm Craig Povey and Kevin Murphy were appointed liquidators on 2 February
Fraser Nicol joins the firm from EY, bringing experience in cyber security, data analytics and business technology
Rowan Williams will be responsible for growing the firm’s presence in the Gatwick Diamond and across the south east
Kevin Humphreys joins the insolvency and restructuring firm from the National Crime Agency (NCA) Economic Crime Command