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Audit tendering: the new normal

Audit tendering: the new normal

Four observations about the current audit tendering environment.

Tim Copnell

Associate Partner

KPMG in the UK


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While the EU Audit Reforms requiring regular audit tendering and rotation only came into effect recently, for many organisations this was already ‘business as usual’. In this paper, we set out four statistics to illustrate the size of the challenge, the progress to date and the impact on audit market share within the FTSE350.

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