PracticeAccounting FirmsFIFA appoints PwC as new auditors

FIFA appoints PwC as new auditors

FIFA appoints PwC as new auditors

PWC SWITZERLAND has been appointed as the new statutory auditors of FIFA.

FIFA said the appointment of PwC was the result of a thorough, transparent and open selection process conducted by FIFA with several different auditing companies.

PwC’s appointment will initially be valid until the next FIFA Congress, which will take place in May 2017. This Congress will decide on the appointment of FIFA’s statutory auditors for a full three-year period.

FIFA President Gianni Infantino welcomed the decision of the Bureau of the FIFA Council as a further important step in the reform process underway at FIFA and an example of how the organisation is restoring its financial control and management mechanisms to the fullest. “We are delighted to have appointed PwC, and we look forward to working with them as FIFA moves forward with its programme of reforms,” said Mr Infantino.

In June, KPMG Switzerland quit as auditor of FIFA after more than a decade vetting the accounts of the football’s scandal-hit governing body.

The announcement comes amid one of the most serious corruption investigations facing FIFA and weeks after the resignation of its finance director Markus Kattner following an internal probe that found he had received millions in bonus payments.

 

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