PwC refused to take up the appointment because it thought it too risky, according to The Sunday Times.
Grant Thornton and Deloitte have been forced to defend their ability to spot potential trouble since evidence emerged of of serious fraud at the Italian company.
UK senior partner Phil Verity has been elected for a second term at Mazars
Tallat Mahmood appointed to corporate finance team of Top 20 firm
Top 25 firm HW Fisher & Co has acquired London firm Rhodes & Rhodes
Top Ten firm RSM has appointed Nick Blundell as its head of corporate tax in Birmingham