PwC under investigation over BT audits
The Financial Reporting Council (FRC) has issued today an announcement to inform that investigation opened into the audit of the financial statements of BT Group plc.
According the announcement:
Following completion of initial enquiries, the Financial Reporting Council (FRC) has commenced an investigation under the Audit Enforcement Procedure into the audits by PricewaterhouseCoopers LLP of the consolidated financial statements of BT Group plc (BT) for the years ended 31 March 2015 to 2017 inclusive.
The decision to investigate follows announcements by BT in relation to accounting issues in its Italian operations.