RSM Tenon has decided to replace its auditor PwC UK and appoint BDO UK.
RSM Tenon had a turbulent relationship with PwC UK as RSM Tenon reported an 8.8% slump in annual revenues following the reinstatement of its accounts for 2011 after accounting errors were identified and a profit warning issued a year ago.
The actions of RSM Tenon and PwC UK are currently being investigated by the Accountancy and Actuarial Discipline Board, which is part of the UK Financial Reporting Council.
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RSM Tenon is a listed accounting firm and currently ranks as the 7th largest firm in the UK with revenues of £231.5m in the year to 30 June, according to International Accounting Bulletin data.
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