PwC promise on results
PricewaterhouseCoopers has pledged to get its much-anticipated first UK results published before the end of the year.
Link: DTI report: Firms urged to publish accounts
The announcement was made by senior partner Kieran Poynter at the firm’s Building Public Trust Awards last week. He claimed that the first UK results for PwC would be released in the next couple of months.
The results had been expected in September but this date has slipped as the business undergoes an audit for the first time. It will be carried out by Accountancy Age top 15 firm Howarth Clark Whitehill.
A spokesman for PwC denied that there had been a specific delay as the firm had never indicated when results would be published.
‘We are going through everything very carefully to make sure that everything is in order,’ said the spokesman. ‘We know what all our clients go through now.’
After adopting a limited liability status at the beginning of the year, PwC is now required to produce and publish financial accounts of a similar level and scope to listed companies and also to submit the accounts to Companies House.