PricewaterhouseCoopers is likely to qualify Northern Rock’s accounts for
2007, it has emerged.
Daily Mail reports today that the Big Four firm has still not agreed to sign
off the 2007 accounts, and is likely to qualify on the basis that it cannot be
sure there are no more skeletons in the cupboard.
The paper reports that the firm is involved in wrangles with the bank over
possible writedowns. The bank is set to write off large amounts, but the firm is
said to be pushing for larger provisions – perhaps for more than £500m.
The discussions are set to go on for several weeks, the paper adds.
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
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Two new audit partners have been appointed at the firm BDO in its audit practice following continued growth and investment
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