MPs call for further scrutiny of PwC's audit of Philip Green's BHS

MPs call for further scrutiny of PwC's audit of Philip Green's BHS
 

MPs have called on the accountancy regulator to consider investigating PricewaterhouseCoopers’ auditing of Sir Philip Green’s retail empire, after the firm was hit with a record fine over the handling of BHS under his ownership.
The Financial Reporting Council confirmed late on Tuesday that PwC had been handed a record £6.5m fine, reduced from £10m after it agreed to settle and admitted misconduct.
Steve Denison, one of the firm’s senior accountants who audited BHS’s accounts ahead of its sale for £1 a year before the department store chain collapsed, is separately facing a 15-year ban and... read more

 
13 June 2018 in Business, Views: 51
Source: Guardian
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