Royal & SunAlliance ditches PwC for Deloitte
Long standing FSTE 100 audit client lost
PricewaterhouseCooper has lost a major
FTSE 100 client
after Royal & SunAlliance
dumped the Big Four firm in favour of rival Deloitte.
In 2005, R&SA paid the firm £7.5m in audit and non-audit fees, with the
audit alone worth nearly £4m, the insurance group’s annual report showed.
Announcing the decision R&SA said it had enjoyed a ‘longstanding and
constructive relationship with PricewaterhouseCoopers LLP, its current auditor.’
PwC audits half of the FTSE 100 companies.
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