The right firm and the right terms
20 January 2015
Regulatory change represents a valuable opportunity to revisit a key supplier relationship
There are not many supplier relationships in business that date back to 1896. So it was hardly surprising that, when Barclays announced in March it would be ending its relationship with auditor PwC after 120 years, the story made waves. The reason was not because the bank was dissatisfied with its supplier – instead the tender for a new firm, likely in 2016, is to comply with new rules on mandatory auditor rotation. The regulations set in the EU by the European Commission, confirmed at the...
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