Barclays Considers Auditor Change After a Century With PwC
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Barclays Plc, the U.K.’s second-largest bank by value, said it will consider tendering its audit contract held for 117 years by PricewaterhouseCoopers LLP.
Barclays is considering “how and when a tender process might be implemented, particularly given the transitional provisions suggested by the Financial Reporting Council,” it said in its annual report today. “A recommended course of action will be proposed to the board during 2013.”