Manhattan district attorney Robert Morgenthau wants to determine whether the accounting firm knew about the payments during the course of its audit work with the company.
Former chief executive of Tyco Dennis Kozlowski, who has been charged with embezzling $600m from the firm, is said to have authorised unofficial bonuses to 51 employees totalling £96m as a reward for helping Tyco gain $1.7bn from an IPO in optical fibre company Tycom.
PwC confirmed to the Wall Street Journal that it was being questioned but said, ‘we have no reason to believe we will be anything but a provider of information for them’
A new head of solutions, Aidan Brennan, has been appointed at KPMG UK
Hundreds of jobs are secure after Spectrum Contracting has been sold out of administration to Minstrell Recruitment by FRP Advisory
Cowgill Holloway and Warings Business Advisors have merged, with a range of growth plans in the North West put in place
The Practitioner discusses their timesheet militancy, and reaction to someone playing it fast and loose with the details...