RETAIL GAS business Centrica is lining up an audit tender in the next couple of years.
The FTSE-listed business has been audited by PwC since it was formed from the demerger of British Gas into exploration and retail businesses.
In Centrica’s 2013 annual report, it has outlined intention to tender its audit before 2017. PwC has been recommended by the audit committee to continue in the role, which will be proposed at Centrica’s next AGM.
PwC received £8.7m in fees for its work with Centrica, which includes £3.1m for non-audit services.
Centrica also stated that Deloitte a range of services during the year, in areas including employment taxes, share schemes, pensions, corporate finance, management consulting and internal audit.
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Two new audit partners have been appointed at the firm BDO in its audit practice following continued growth and investment
Investment in people, tech and businesses impacts on EY's profit per partner figure
If businesses do not take cyber security seriously in their business planning regulators may do it for them, the ICAEW has warned