The Internal Revenue Service audit of PricewaterhouseCoopers is expected to
continue until the end of the year, the Big Four firm has said.
The firm though would not give anymore details of the scope of the audit,
which is focusing on PwC’s sale of some of its non-audit businesses in 2002 and
Steven Silber, a spokesperson for the firm for the firm told AP:
‘PricewaterhouseCoopers tax matters are confidential and we don’t discuss them
publicly. However, PwC is a large organization, and like any large entity, is
under constant review by various taxing jurisdictions, including the IRS.’
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The FRC has said that the investigation will 'consider, but not be restricted to, issues regarding misstated accounting balances'
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