11 Nov 2019 03:51pm

EY confirmed as new auditor to BHP

EY takes over from Big Four rival KPMG at one of the world’s largest mining companies

British-Australian mining company BHP (formerly BHP Billiton), headquartered in London and Melbourne, confirmed that EY had been appointed with effect from 7 November.

“The appointment follows the resignation of KPMG due to UK and EU requirements on auditor tenure,” BHP said in a note to the London Stock Exchange.

The move was initially announced in 2017. At the time Hywel Ball, EY’s UK head of audit, said, “BHP is the largest diversified miner in the world. Our global structure, combined with our wealth of experience in the sector, helps enable us to advise international businesses of this scale. We are delighted about the opportunities this audit win will bring to our people across the globe.”

Last year BHP settled a long-running tax dispute with the Australian Tax Office involving its marketing operations in Singapore. BHP agreed to pay approximately AUS$529m (£299m) in additional taxes.