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...