The profession’s watchdog laid complaints against Gareth Davies and Andrew Turner at the time audit partners with Coopers and Lybrand, which merged to form PwC in 1998.
If the tribunal finds against them Davies, Turner and PwC could face a multimillion-pound penalty.
The tribunal will consider two main points. The first concerns Coopers’ and Davies’ involvement in the audits of the accounts, including consolidated accounts, of Barings Securities Limited and Barings Securities London for the year ended 31 December 1993.
The second will examine the audits of the accounts, including the consolidated accounts, of both the company and its London branch for the year ended 31 December 1994. These complaints involve Coopers, Davies and Turner.
The JDS is expected to reveal its findings this month, provided no appeal is lodged.
A spokesman for PwC said the process was ‘confidential’ and declined to comment further.
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