BT appoints KPMG as auditor as PwC is ousted after 33 years in wake of Italian scandal

From the Telegraph

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 yesterday, 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 contract because of potential conflict with lucrative technology consulting work it does for BT.

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