PracticeAuditCentrica lines up audit tender process

Centrica lines up audit tender process

Centrica lines up an audit tender before 2017, having used PwC since the British Gas demerger in 1997

Centrica lines up audit tender process

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.

Related Articles

PwC to audit BBC pay policies following gender pay gap outrage

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

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

Accounting Firms PwC to take over from Deloitte as Diploma auditor

3w 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

3w Alia Shoaib, Reporter
PwC fined $1m over Merrill Lynch audit

Accounting Firms PwC fined $1m over Merrill Lynch audit

2m Alia Shoaib, Reporter
Wetherspoons to replace PwC as auditor

Audit Wetherspoons to replace PwC as auditor

2m Alia Shoaib, Reporter
Latest Big Four auditor changes

Audit Latest Big Four auditor changes

1m 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

1m 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

1m Alia Shoaib, Reporter