PracticeAccounting FirmsEY extracts Vedanta Resource audit as Deloitte tenure ends

EY extracts Vedanta Resource audit as Deloitte tenure ends

London-listed Vedanta appoints EY as auditors after Deloitte ends tenure stretching back to 2003

EY extracts Vedanta Resource audit as Deloitte tenure ends

FTSE 350 mining company Vedanta Resource has confirmed it is to appoint as its EY as auditors for the year ending March 31 2017.

Subject to shareholder approval at its AGM, the move follows the mandatory tendering requirements in the UK.

The miner’s current auditor, Deloitte, will undertake the audit for the year ending 31 March 2016 having been Vedanta’s auditor since its listing in 2003.

In the financial year to 31 March 2015, Deloitte received $5m (£3.4m) as Vedanta’s auditor, split evenly between audit and non-audit work, according to the company’s annual report. Some $500,000 in fees was paid to ‘other auditors’.

India-based Vedanta specialises in mining zinc, lead, silver, copper, iron ore, aluminium and also has interests in power and oil & gas.

Related Articles

Deloitte global revenues hit record $38.8bn

Accounting Firms Deloitte global revenues hit record $38.8bn

7d Emma Smith, Managing Editor
PwC to take over from Deloitte as Diploma auditor

Accounting Firms PwC to take over from Deloitte as Diploma auditor

2w 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

2w Alia Shoaib, Reporter
Deloitte appoints new head of private client services

Accounting Firms Deloitte appoints new head of private client services

2m Emma Smith, Managing Editor
Deloitte UK appoints 57 new partners

Accounting Firms Deloitte UK appoints 57 new partners

2m Alia Shoaib, Reporter
Deloitte reports revenue growth of 11%

Accounting Firms Deloitte reports revenue growth of 11%

3w Alia Shoaib, Reporter
Deloitte acquires Swedish digital agency Acne

Accounting Firms Deloitte acquires Swedish digital agency Acne

1m Alia Shoaib, Reporter
Deloitte reports pay gap of 18.2%

Accounting Firms Deloitte reports pay gap of 18.2%

2m Alia Shoaib, Reporter