DRAGON Oil has dumped PwC and appointed Ernst & Young s auditor.
The news came from the listed oil and gas company this morning in an announcement to the stock exchange.
PwC has had the audit for the past nine years.
Dragon work mostly in the Caspian Sea off the coast of Turmenistan. the company has other interests in Azerbaijan.
Fees for PwC in the last annual report amounted to £320,000 for the statutory audit plus other assurance services.
Dragon Oil’s share price feel marginally this morning when markets opened by around 1%.
Increase governance without stifling competitiveness; enforce already-in-place rules; were the key messages from the business community after the government released a green paper on governance
Former Autonomy CFO indicted by US prosecutors on charges of fraud and wire fraud, which his lawyer strenuously denies
The UK's top listed businesses are not exactly beacons of transparent and clear reporting, argues Brett Simnett, and their 'shyness' damages future prospects
A review of BT Italia's operations and its accounting practices found “certain historical accounting errors”, with a further investigation to ensue