In our monthly roundup of developments in audit and governance, EY picks up £1.6m SIG audit from Deloitte, top director Melanie Hind leaves UK audit regulator, FRC launches shorter sharper governance code for UK PLCs, MPs pressure FRC over BHS audit findings
EY picks up £1.6m SIG audit from Deloitte
FTSE 250 buildings group SIG has appointed EY as its external auditor, replacing Deloitte, which was ousted after shareholders at its annual general meeting (AGM) voted by a large majority against the firm’s reappointment following the discovery of a £3.7m profits overstatement.
In a statement, the company said: ‘Following a competitive audit tender process conducted in compliance with EU audit regulations and best practice guidelines, SIG has appointed EY as its external auditor with immediate effect.
‘To accommodate the work required around the change in auditor and to facilitate a robust and effective audit transition, the group is extending its usual interim reporting timetable and will announce its interim results for the half year ended 30 June 2018 on Friday 21 September.’
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