BARCLAYS has picked KPMG as its first new auditor it more than a century.
The bank said it will be ending its year audit relationship with PwC, which can be traced back to 1896, from the end of next year following a tender.
Barclays paid £44 million for audit services last year.
Why are you making commenting on The Herald only available to subscribers?
It should have been a safe space for informed debate, somewhere for readers to discuss issues around the biggest stories of the day, but all too often the below the line comments on most websites have become bogged down by off-topic discussions and abuse.
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We are lucky at The Herald. We are read by an informed, educated readership who can add their knowledge and insights to our stories.
That is invaluable.
We are making the subscriber-only change to support our valued readers, who tell us they don't want the site cluttered up with irrelevant comments, untruths and abuse.
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