PricewaterhouseCoopers has reached a settlement with Ohio state over a class
action securities fraud lawsuit.
The Big Four firm, had been named in the suit by three state pension funds
alongside audit client American International Group (AIG) and its chief
executive Hank Greenberg, but all have now agreed to a $97.5m (£56m) settlement,
subject to approval by the U.S District Court for Southern New York, reported
Shareholders had been seeking damages after AIG agreed to pay $1.64bn in
fines and restitution in 2006 as a result of regulatory probes by New York’s
attorney general, the SEC and the Justice Department.
Two new audit partners have been appointed at the firm BDO in its audit practice following continued growth and investment
Investment in people, tech and businesses impacts on EY's profit per partner figure
If businesses do not take cyber security seriously in their business planning regulators may do it for them, the ICAEW has warned
Dr Richard Willis provides a several thousand-year history lesson of the profession, from origin to modern-day