Bloomberg Tax
Sept. 7, 2020, 4:02 AM

PwC Loses to KPMG for Lead Position on FTSE 100 Audits

Michael Kapoor
Michael Kapoor
Freelance Correspondent

PwC is no longer the largest auditor of FTSE 100 companies, having lost to KPMG LLP as companies switched FTSE classification and EU requirements for companies to change auditors every 20 years lead to more frequent changes.

KPMG became the largest FTSE 100 auditor, adding two clients over the three months to Aug. 5 to take its total to 28, Adviser Rankings Ltd said in a report released Monday . PwC, also known as PricewaterhouseCoopers LLP, fell to fourth place with 23 clients after losing four ...