BT names KPMG as auditor after fraud scandal at Italian unit
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...