FINANCE NEWS: Oxfam selects PWC from four tenders as charity auditor

Oxfam has selected PricewaterhouseCoopers as its new auditor.

The decision, which has to be approved by the charity's board of trustees in the autumn, was taken after an extensive review over several months. Ten firms were initially approached and four presented full tenders to Oxfam's audit selection committee.

PricewaterhouseCoopers will replace Critchleys, a local Oxford firm that has been with Oxfam for many years. "We anticipate that PricewaterhouseCoopers will undertake the audit for 2002 - 2003,

said Oxfam's finance director, David Nussbaum. Critchleys is auditing the charity for its 2001-2002 accounts.

Nussbaum said the move had no relation to the recent accounting scandals in the US, and Oxfam had not decided in advance to choose one of the big four accountancy firms. "We were impressed with Pricewaterhouse's overall performance and global coverage,

he said. "Their commitment to the sector was also important."

PricewaterhouseCoopers audits around 800 charities in the UK.

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