PricewaterhouseCoopers denies that reorganisation plans have been finalised

A spokesman for the UK firm confirmed that, although the internal review is due to be completed by the end of the month, nothing had yet been decided.

‘Nothing has been ruled out and nothing has been ruled in, but the status quo is not an option,’ the spokesman said.

The firm is already under pressure to come to an arrangement with the US Securities and Exchange Commission, which issued a damning report in January over the US firm’s sharedealings in audit clients.

However, the announcement of a reorganisation came before the report was issued and was originally driven by the changing market place and a greater emphasis being placed in e-business.

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