EY has been earmarked to take on FTSE 250 travel provider Stagecoach’s audit from the financial year commencing in April 2016.
Incumbent auditor PwC will undertake the external audit for the year ending 30 April 2016, having been reappointed at the 2015 AGM.
In 2015, the audit was worth £976,000 to PwC, with £834,000 derived from audit work and £146,000 from non-audit undertakings, according to Stagecoach’s 2015 annual report.
An improved internal audit code is "vital' to developing the City's risk management, former shadow chancellor Ed Balls has said
Internal auditors are earn more than external consulting auditors, analysis by salary-bench marking site Emolument.com has found
ICAS and the FRC have called for action to prevent a potential audit skills gap in the future, with the launch of a new report