TheCorporateCounsel.net

This recent Ideagen/Audit Analytics blog notes that although lengthy auditor tenure is an area of concern among governance advocates, two dozen public companies have had the same auditor for more than a century! So which audit firms have managed to hold on to their audit clients for more than 100 years? This excerpt provides the answer:

PricewaterhouseCoopers (PwC), Deloitte and Ernst & Young (EY) are the only members of the US centenarian club. PwC audited eight of these companies, Deloitte audited six and EY was the auditor of record for the remaining 10 companies. The longest audit tenure on record was BCE Inc.’s (formerly known as Bell Canada Enterprises, Inc.) relationship with Deloitte, which has spanned 144 years.

The blog lists each of the US public companies that has retained the same auditor for over 100 years and discloses the name of that auditor. It also points out that the number of public companies that have had the same auditor for more than a century has doubled since 2016.

– John Jenkins