Bank of England switches auditors

The Bank of England has decided to offer its audit work to Big Four rival KPMG, ending one of PricewaterhouseCoopers' longest running audit contracts.

This is the first time it has changed auditors since records began in 1920.

KPMG will take over from PwC on 1 March having won a competitive tender in November for a job that carries fees of £723,000 per year, the FT reported.

The Bank said: 'It's standard practice to go through a change of auditors. KPMG were considered the most suitable candidat

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: