Search Results for: PwC

PwC ordered to pay millions dollars in damages over bank’s collapse

July 3rd, 2018 (0)
A federal judge on Monday said PricewaterhouseCoopers LLP must pay $625.3 million in damages to the Federal Deposit Insurance Corp for failing to uncover fraud that led to one of the largest bank failures of the global financial crisis. ...

PwC fined £10m over audit failures

June 14th, 2018 (0)
The Financial Reporting Council (FRC), the UK’s accounting industry regulator, has issued an announcement to inform that has sanctioned PriceWaterhouseCoopers (PwC) and audit partner Steve Denison. In accordance the announcement, the Financial Reporting Council has sanctioned PriceWaterhouseCoopers (PwC) and ...

PwC accused of cheating firm out of $138m

March 26th, 2018 (0)
The accounting giant PwC is accused of conspiring to cheat a firm of consultants out of at least £75m ($138 million) in a deal with the controversial mining tycoon Frank Timis, in a London High Court battle over natural ...

PwC accepts payment in Bitcoin for its advisory services

December 1st, 2017 (0)
PwC in Hong Kong has for the first time accepted payment in Bitcoin for its advisory services. As the firm works increasingly with companies in the digital asset and crypto-currency space, it believes that accepting such payments will evolve ...

PwC is set to compete with law firms

October 16th, 2017 (0)
The accountancy giant is set to compete with law firms for companies in need of flexible resourcing solutions with its latest New Law offering. Big Four accountancy giant PwC is set to enter the alternative legal services market with ...

PwC UK reported record revenue of £3.60bn for the year ended 30 June 2017

September 18th, 2017 (0)
PwC UK, the professional services firm, has reported record revenue of £3.60bn for the year ended 30 June 2017, up 5% from £3.44bn last year, as the firm continues to invest in people, technology and its regional presence in ...

Sanctions against senior auditor and PwC

August 16th, 2017 (0)
The Financial Reporting Council (FRC), UK’s independent regulator responsible for promoting high quality corporate governance and reporting to foster investment, has issued today an announcement to inform that: PricewaterhouseCoopers LLP (PwC) and Nicholas William Edward Boden, Senior Statutory Auditor ...

PwC to pay $1 Million to settle audit violations

August 3rd, 2017 (0)
The Public Company Accounting Oversight Board announced that it censured and imposed a $1 million civil penalty against PricewaterhouseCoopers LLP for violations in its examination and audit of Merrill Lynch, Pierce, Fenner & Smith, Incorporated’s compliance with the Securities ...

Ukraine withdraws PwC bank audit licence over $5.5bn hole at PrivatBank

July 21st, 2017 (0)
Ukraine’s central bank said on July 20 that it had withdrawn the bank auditing rights of PwC after the international accounting firm failed to identify alleged improprieties that led to a $5.5bn capital shortfall at the country’s largest lender ...

PwC is urging employers to make more use of technology to tackle workplace stress

July 14th, 2017 (0)
PwC is urging employers to make more use of technology in the workplace to tackle health and wellbeing issues, after a survey by the firm suggested a third of the UK workforce (34%) may be experiencing difficulties such as ...
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