Search Results for: PricewaterhouseCoopers
PwC to pay $1 Million to settle audit violations
August 3rd, 2017
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
Ukraine’s central bank said on July 20 that it had withdrawn the bank auditing rights of PwC after the international accounting firm failed to identify alleged improprieties that led to a $5.5bn capital shortfall at the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 under investigation over BT audits
June 29th, 2017
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) ...
Accounting watchdog announces the closure of its investigation into PwC as auditors of Tesco
June 6th, 2017
The Financial Reporting Council (‘FRC’) announces the closure of its investigation into the conduct of PricewaterhouseCoopers LLP (‘PwC LLP’) and certain Members of the Institute of Chartered Accountants in England and Wales in their capacity as auditors of Tesco ...
Toshiba Is Replacing Its Auditor PwC Over Irreconcilable Differences
April 26th, 2017
Toshiba Corp (TOSBF, +1.24%) has decided to replace its auditor after less than a year as the troubled electronics conglomerate struggles to win its approval on full-year financial statement, the Nikkei business daily reported. Earlier this month, the company ...
Luxleaks whistleblower to contest appeal sentence
April 12th, 2017
The man who revealed the Luxleaks scandal, Antoine Deltour, has said he will contest the sentence handed to him last month at the Court of Appeal in Luxembourg. “I don’t think this decision is characteristic of a fair decision ...
Virtual currency as a payment method in Japan officialy from April 1
March 29th, 2017
Virtual money poses accounting dilemma for Japan’s early adopters Asset or expense? The bottom line depends on the answer A new law defining virtual currency as a payment method goes into effect in Japan this Saturday, but in the ...
PwC settle $3 billion suit by MF global
March 24th, 2017
The trial between bankrupt brokerage MF Global, run by former New Jersey Gov. Jon Corzine, and its former accounting firm, PwC, came to an unceremonious end on Thursday, with both parties saying they have reached a settlement. Terms of ...
Former lead partner of PwC Brazil fined for Audit failures
March 22nd, 2017
The Public Company Accounting Oversight Board (PCAOB) today announced sanctions against a former partner of PricewaterhouseCoopers Auditores Independentes in Brazil for audit failures and violations of PCAOB rules and standards. Wander Rodrigues Teles was the lead partner for PwC ...
Judge rejects PwC’s request For mistrial In MF Global case
March 16th, 2017
In an unsurprising move, the judge overseeing bankrupt commodities broker MF Global’s $3 billion suit against PwC rejected the accounting firm’s request for a mistrial, saying PwC’s lawyers can challenge MF Global’s arguments in court over the rest of ...
