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BT names KPMG as auditor after fraud scandal at Italian unit

Jun 09, 2017 - The Daily Telegraph (London)
Board and Executive Moves

BT HAS appointed KPMG as its new auditor to replace PwC in the wake of the fraud scandal in Italy that triggered a major profit warning earlier this year.

PwC has held the blue-chip account ever since BT was privatised 33 years ago.

KPMG was awarded the work late on Wednesday, after coming out on top in a battle with EY. The contract was worth more than £15m to PwC last year, according to BT's annual report.

The last of the "Big Four" accountants, Deloitte, did not contest the...