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

RBS to help 2.5 million people each year to be more financially capable

RBS has today committed to helping 2.5 million people in the UK each year to improve their financial capability.

RBS to increase lending to sustainable energy sector following £1.1bn securitisation of loans to UK sustainable energy market

RBS has executed a £1.1bn securitisation deal with Macquarie Infrastructure Debt Investment Solutions (MIDIS), which will allow the bank to recycle capital and increase lending to the sustainable or renewable energy sectors.

RBS launches £1 billion Female Entrepreneurship Funding and announces targets to help create at least 50k new businesses by 2023

RBS has today announced a new £1 billion in funding through NatWest to support female entrepreneurs in the UK to scale and grow – the largest intervention by a UK lender focused specifically on female-led businesses.

Set Tab for lightbox