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May 7, 2012

RSM Tenon seeks new auditor

RSM Tenon is on the hunt for a new auditor after errors in the firm’s accounts led to a profit slump earlier this year.

UK broadsheet The Independent reports the firm is looking to replace current auditor PwC and has already interviewed Ernst & Young, KPMG, Grant Thornton and BDO for the job.

The newspaper claims RSM Tenon chief executive Chris Merry would like to recruit an auditor ahead of the company’s full year results on 30 June.

RSM Tenon has undergone a troubled period recently. In February, the firm announced plans to cut 10% of staff and merge offices to help it recover from a 9.3% drop in revenues to £107.8m in the six months to 31 December 2011.

RSM Tenon and PwC have declined to comment.

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