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Goldman Sachs opts for Mazars
21 May 2019
In a move that has ‘surprised’ the market Goldman Sachs has appointed Mazars to audit its London-based European operations.
The US investment bank has been audited by PwC since 1992, and it was paid £50m in fees last year. It is being reported that Mazars will earn £4m for auditing the London and Frankfurt divisions.
The appointment is undoubtedly a coup for Mazars, and will be an encouragement to other mid-tier firms looking the break the Big 4 stranglehold on FTSE 350 companies.
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