PricewaterhouseCoopers has been involved in a stormy meeting with audit
client Bank of China over the bank’s exposure to sub-prime issues.
The FT reports that at least one meeting has taken place between the
two in which the bank’s sub-prime exposure was the central issue.
Although BoC has not revealed the extent of its exposure to sub-prime
securities, some estimates suggest it could have to write down as much as $4.8bn
of its $8bn securities.
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Two new audit partners have been appointed at the firm BDO in its audit practice following continued growth and investment
Investment in people, tech and businesses impacts on EY's profit per partner figure
If businesses do not take cyber security seriously in their business planning regulators may do it for them, the ICAEW has warned