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    PwC to outline Mayflower defence

    PwC to outline Mayflower defence

    Firm will give its version of events today in first ever AIDB tribunal, facing complaint it should have given warnings in 2002 audit on future of bus company

    Author Date published September 27, 2006 Categories

    PricewaterhouseCoopers is set today to outline today its defence against a
    complaint that its 2002 audit of Mayflower should have contained warnings about
    the company’s future.

    The firm is facing the first ever public tribunal of a UK audit firm at the
    Accountancy Investigation & Disciplinary Board. It has so far proved
    successful in the defence of its claim, a major part of the complaints being
    dropped by the AIDB on day two of proceedings.

    The remaining complaint alleges that the firm should have included warnings
    about the future of Mayflower, given the difficulties it was facing with its
    banks.

    PwC denies the complaint.

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