You may not know this, but McGladrey's British sister from another mister is RSM Tenon. Like most large accounting firms RSM Tenon provides a wide variety of exemplary professional services demanded by the capital markets. Unlike most large accounting firms, however, it has shareholders and is listed on a stock exchange.
Those shareholders get to vote on various things including the appointment of a company's auditor. And just like shareholders in the U.S., when an auditor makes a mistake, U.K. shareholders get pissed. And, at least in this case, U.K. shareholders actually do something about it!
Following a shareholders vote at the firm's annual general meeting today, 64% of shareholders with 72,960,000 shares voted against re-appointing PwC as auditors, compared to the 36% of shareholders with 40,800,000 who voted in favour of the resolution. The move is a culmination of a tense relationship between the PwC and Tenon. In August PwC faced an investigation from the Accountacy [sic] and Actuarial Discipline Board over its audit of Tenon. Reports emerged in April that Tenon had sought legal advice over alleged errors made by PwC in its accounts.