PwC no longer audits the most clients among the UK’s 100 biggest listed companies, plunging from first to fourth position.
For those intrigued by the arcane world of audit a small earthquake has just occured. PwC, for some time the UK’s most significant auditor of FTSE 100 companies, has lost its top position.
Research from intelligence firm Adviser Rankings shows that PwC no longer serves the most clients among the UK’s 100 biggest listed companies, having been eclipsed by KPMG.
It appears that KPMG winning the audit of 3i, an investment house, and PwC’s loss of Burberry as a big-name client, has helped trigger a major shift in the audit tectonic plates. Indeed, PwC has plunged from first to fourth.
The firm now has 23 FTSE 100 clients to KPMG’s
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