UBS Group (UBSG.S) has decided to retain EY as its external auditor, enlarging its role to include Credit Suisse’s accounts from 2024, the Financial Times reported on Sunday, citing people with knowledge of the decision.
The size of the contract will require the Big Four accounting firm to call in staff from other countries to work on the audit, two people told the FT.
PricewaterhouseCoopers (PwC), which has been Credit Suisse’s auditor since 2020, will audit the acquired bank’s accounts for 2023, according to the newspaper.
Read More : EY to Remain UBS’ Auditor Post Credit Suisse Acquisition