KPMG to become auditor of BT | KPMG | UK

KPMG to become auditor of BT

KPMG to become auditor of BT

KPMG is delighted that the BT Board has approved the proposed appointment of KPMG as its auditor.

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KPMG is delighted that the BT Board has approved the proposed appointment of KPMG as its auditor.

BT’s Audit & Risk Committee met and reviewed both written and oral proposals from the bidders, recommending KPMG after careful consideration against a defined set of key criteria. BT noted that quality of audit was a priority and felt KPMG’s offered the best overall fit against BT’s criteria.

Bill Michael, Senior Partner Elect at KPMG in the UK said:

“We are delighted to have been selected to audit BT, adding to our recent appointments at fellow FTSE 100 companies Reckitt Benckiser and Micro Focus to strengthen our position as the largest auditor of listed companies overall. We believe this latest win is testament to our people and our commitment to audit quality which continues to be a key priority for audit committees, the investor community, regulators, the profession and society as a whole.”

Alex Holt, Global Head of Telecoms and Media at KPMG in the UK said:

“We are delighted to have been selected by the BT Board as their next auditor. We look forward to working with them at a critical point for BT, set against a backdrop of unparalleled industry transformation.”

 

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Notes to Editors

 

About KPMG:

KPMG LLP, a UK limited liability partnership, operates from 22 offices across the UK with approximately 13,500 partners and staff. The UK firm recorded a revenue of £2.07 billion in the year ended 30 September 2016. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 152 countries and has 189,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. Each KPMG firm is a legally distinct and separate entity and describes itself as such.

 

Contact:

Louis Clark
Senior PR Manager
KPMG LLP
M: 07770 644 382
T: 020 7694 8957
E: louis.clark@kpmg.co.uk

 

KPMG Press Office:

+44 (0)207 694 8773
 

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