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.
More about:
In the past decade, the professional services industry has transformed significantly. Digital disruptions, increased competition, and changing market ...
View resourceIn recent months, professional services firms are facing more pressure than ever to deliver value to clients. Often, clients look at the firms own inf...
View resourceIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceThe first phase of Making Tax Digital (MTD) saw the requirement for the digital submission of the VAT Return using compliant software. That’s now behi...
View resourceThis month saw a series of appointments and promotions from the industry's mid-tier firm Read More...
View articleAfter cooperating with the inquiry, the firms and partners received a reduction in fines Read More...
View articleFollowing the release of the Brydon report, in which Sir Donald Brydon has made 64 recommendations on how to improve the troubled UK audit industry, A...
View articleThe FRC has the power to investigate Thomas Cook’s auditors and any accountants that work for the company who are registered with a professional body ...
View article‘High flying’ Leon Chan, 24, was spotted by a security guard in Topshop on Oxford Street acting suspiciously, loitering around women with his iPhone o...
View article75% of FTSE 350 audits assessed as good or requiring limited improvements, failing to meet the FRC's 90% target Read More...
View articleBig Four firm will work with Pole Star to explore new ways to assist financial services companies involved in maritime trade Read More...
View articleKPMG will take on audit responsibilities from 1 January 2018, with shareholders due to vote on the firm’s appointment in April next year at Croda’s An...
View article