RBS Announces Intention to Appoint Ernst & Young as external auditor


RBS Announces Intention to Appoint Ernst & Young as external auditor

The Royal Bank of Scotland Group plc ("RBS") announces today its intention to appoint Ernst & Young LLP (“EY”) as external auditor with effect from the financial year ending 31 December 2016.

Our news

03 November 2014

In its 2013 Annual Report and Accounts RBS stated that it was putting the external audit out to tender for 2016 (and future years). RBS has now completed a comprehensive process, overseen by the Audit Committee, which carefully evaluated the offering of each proposing firm, which resulted in a recommendation which has now been endorsed by the RBS Board.

Deloitte LLP (“Deloitte”), who have been the auditor since 2000, will continue in the role and will undertake the audit  for the year ended 31 December 2014, having been appointed at the 2014 Annual General Meeting. Subject to shareholders’ approval of their reappointment at the 2015 Annual General Meeting. Deloitte will also undertake the audit for the year ending 31 December 2015 in order to facilitate a smooth transition. Following the finalisation of their terms of engagement, the appointment of EY will be recommended to shareholders for approval at the 2016 Annual General Meeting.

Posted In

Our news

Latest news

Royal Bank of Scotland hosts ‘Easy Wins Live’ event

The event explored today’s ‘always on’ world and the pressure Scots face as they struggle to balance life inside and outside of work.

To win the fight against fraud and scams, it is vital to educate young people.

Primary school children in Currie, Edinburgh put on their detective hats last week to learn more about fraud and scams thanks to the Royal Bank of Scotland MoneySense programme. Les Matheson, CEO of Personal Banking, tells us why it’s so important to financially educate young people.

New NatWest debit cards now accessible for all customers

New card features are being rolled out from today with all cards having a notch and raised dots.

Set Tab for lightbox