Telstra has ditched longstanding auditor EY and hired Deloitte to oversee its financial books from July 1, citing “good governance” and its desire to use digital technology to reduce costs.
Telstra, which revealed thousands of job cuts in late May to help it meet cost-cutting targets, confirmed on Monday it had chosen Deloitte to provide statutory auditing services from July. EY has audited Telstra’s books since 1999.
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Jenny Wiggins writes on business, specialising in infrastructure, telecommunications and transport. Connect with Jenny on Twitter. Email Jenny at jwiggins@afr.com
Edmund Tadros leads our coverage of the professional services sector. He is based in our Sydney newsroom. Connect with Edmund on Twitter. Email Edmund at edmundtadros@afr.com.au
