Deloitte replaces PricewaterhouseCoopers as Tesco auditor after scandal

Tesco, Britain’s biggest retailer, has named Deloitte as its new auditor, ending its 32-year relationship with PricewaterhouseCoopers (PwC) after an accounting scandal.

The appointment follows a formal tender process in which PwC did not take part.

Tesco said yesterday: “We and PwC mutually agreed that they would not take part in the tender process. PwC will therefore stand down as the company’s auditors at the conclusion of the 2015 annual general meeting.”