UK accounting watchdog to investigate PWC over Redcentric audit

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Source: Reuters and FT.COM, 27 February 2017

The Financial Reporting Council (FRC) has commenced an investigation under audit enforcement procedure into conduct of PricewaterhouseCoopers.

The FRC says its investigation of PwC is in relation to the audit of financial statements of Redcentric Plc for years ended 31 March 2015 and 31 March 2016.

The FRC investigation into PwC will consider, but not be restricted to, issues regarding misstated accounting balances.

The FRC is also looking into other PwC audits:- RSM Tenon, Barclays (compliance on client asset rules), Connaught and BHS.

Reuters briefing here

FT.COM article here (subscription required)

 

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