Barclays announces its intention to appoint KPMG as its auditor
Barclays PLC and Barclays Bank PLC (Barclays) announces its intention to appoint KPMG as its auditor for the year ending 31 December 2017.
This follows a competitive tender process overseen by an Audit Tender Oversight Sub-committee of the Barclays’ Board Audit Committee, resulting in a recommendation which was approved by the Barclays Board.
PricewaterhouseCoopers LLP (“PwC”), Barclays’ current auditor, will continue in their role and will undertake the audit of Barclays until the year ending 31 December 2016, subject to reappointment by shareholders at the respective Annual General Meetings. The appointment of KPMG will be recommended to Barclays’ shareholders for approval at the 2017 Annual General Meeting.
Tim Breedon, Chairman of the Barclays Audit Tender Oversight Sub-committee, said: “We are pleased to have conducted what I believe has been a very thorough, open and transparent audit tender process, a description of which can be found on the Barclays website (see note below). We thank PwC for their significant contribution as Barclays’ auditors. We look forward to working with KPMG in the future.”
Source: Barclays – Barclays announces appointment of new auditor
