Investment Banking

Barclays kicks off race for near £50m annual audit contract

KPMG said it would retender for the lucrative contract which it first won in 2015

Barclays has put its audit out to tender after seven years with KPMG
Barclays has put its audit out to tender after seven years with KPMG Photo: Vuk Valcic/SOPA Images/LightRocket via Getty Images

Barclays has kicked off a tender for its auditor in a contract that is valued at nearly £50m a year.

Big Four accountancy firm KPMG has audited Barclays since 2017, following a competitive tender that finished in 2015.

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