PwC retains Russian auditing license
Government gives firm another five years
There was some speculation that Moscow might have decided against the
extension after the auditor ran into trouble for working for the now-bankrupt
oil firm Yukos
The firm was recently fined ?250,000 by a Russian court for producing false
audits for Yukos and helping it
PwC, which claims to have acted strictly in line with business practices,
said it was pleased with the decision.
‘We will continue to provide the highest quality services to our clients,
many of which are the largest and most successful companies in Russia,’ the firm
said in a statement.