PricewaterhouseCoopers has found itself entangled in a class action suit
filed in the United States by aggrieved investors who were defrauded by New York
financier Bernard Madoff.
The investors, largely from Argentina and Chile, said the firm’s Dublin
office failed in its capacity as auditor of the fund Optimal Multiadvisors,
which invested indirectly with Madoff.
PwC has been named in the suit even though Optimal Multiadvisors is not
directly linked with the Madoff fraud.
MHA MacIntyre Hudson has partnered with cloud accounting software provider Xero ahead of the government’s requirement for digital records
Smaller businesses could be excluded from government plans for making business transactions digital, found new research from ICAEW
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Further powers are being sought by HMRC, but it is ‘failing’ to use those it already has, such as Conduct Notices, says RPC