RSM Tenon has said it will not re-appoint PricewaterhouseCoopers (PwC) as auditor of the company following a vote at the company's annual general meeting(AGM)today.
The move follows an ongoing impasse between RSM Tenon and PwC after the discovery of accounting mistakes made by the audit firm during tax year 2010. The mistakes were made public in April this year. The Accountancy and Actuarial Discipline Board (AADB) began investigating these mistakes in August this year. RSM Tenon's annual report, issued in October, stated that the board was considering whether to hold an audit tender process for this financial year. Following a vote at the AGM today over whether or not to reappoint PwC, the board has decided to start the tender process. ...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes