PwC picks up Morrisons audit role

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Morrison Supermarkets has ended its external audit contract with KPMG and switched to PwC in line with corporate governance guidance from the regulator to tender contracts on a regular basis.

The Bradford-based supermarket chain announced the completion of a formal tender process for its statutory audit contract, in line with best practice.

“Subject to approval at the AGM on June 5 2014, PwC will be appointed as Morrisons’ statutory auditor for the year ending February 1 2015. The board would like to thank KPMG for their significant contribution as Morrisons' auditors over a number of years,” it said.

Last year Morrisons...

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Surprised!

Not sure they will enjoy that.  Morrison's chateauneuf du pape only got 1 star out of 5 in the latest review :)

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By Rubster
25th Apr 2014 16:35

Drinking on the job

In the old days in the City a gentle ingestion of lunchtime claret on a Friday was the norm. Somehow I doubt if the current po-faced bean counters in the top firms subscribe to such heresy.

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Auditors lunch

Those were the days!  I remember a meeting with the financial controller of LIFFE and they needed a room for the meeting (PW tax) so they threw out our (PW) been-counters into the corridor.  Auditors were always regarded as an underclass as so it has been proven!  God save us all.  Morrisons do a rather nice fish pie.

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