General Electric dealt the Big Four audit market a significant shakeup Monday as it announced the appointment of Deloitte as its new independent auditor for fiscal year 2021.
The announcement marks the end of a century-old relationship between GE and audit firm KPMG that dates all the way back to 1909. KPMG will continue in its capacity through the completion of its audit services for the fiscal year ending Dec. 31, 2020, and the filing of GE’s 2020 Annual Report.
