Schroders drops PwC after 50 years

FTSE 100 asset management company Schroders has ditched PwC as its auditor in favour of KPMG, ending a half-century relationship with the firm.

Schroders opted for rival audit firm KPMG to scrutinise its books following a tender process which started in spring last year.

US online accounting tabloid GoingConcern.com quoted a recent FT article, saying it was “a sign that big companies are becoming more sensitive to claims they are too cosy with the people vetting their accounts.”

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