Stockbroking platform Share plc has formally confirmed it has switched auditors, following a tender process which has seen the company appoint EY to replace incumbent firm Deloitte
The move was signalled in Share’s interim financial results statement earlier this year, when the company said: ‘We are pleased to announce that the group has the intention of changing its auditors from Deloitte to EY.
‘Deloitte, and its predecessor firms, have been the group’s auditors since the group was first established [in 1994] and we would thank them for the years of service and support that they have given the group. EY have impressed us with their knowledge of the sector and we look forward to working with them going forward.’
In a statement today to the London Stock Exchange, Share said EY would be appointed as its auditors with immediate effect and said: ‘The company would again like to thank Deloitte LLP, its previous auditors, for the high quality audit services provided over the years.’
According to its 2014 annual report and accounts, Deloitte was paid £80,000 for audit work for Share, its subsidiaries and three funds of funds, plus an additional £42,000 for non-audit work.
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