Richard Scalzo headed up the audits at Tyco for PwC from 1997 and 2001 and faced accusations from the Securities & Exchange commission that he ‘recklessly violated the anti-fraud provisions of federal laws’ and engaged in unprofessional conduct.
Scalzo settled the accusations without admitting or denying any wrongdoing.
At the same time investigations into the work done by PwC have been completed by the Manhattan District Attorney’s office, who said it would not bring any criminal charges against the firm.
Tyco itself is still under investigation by the SEC. Last month it restated accounts for the last five years, while Tyco founder Dennis Kozlowski – no longer at the company – is facing fraud and tax evasion charges.
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...