PwC managing partner Richard Buski said: ‘We hope we’re at the end of it. These decisions are pretty definitive.’
In May, Browder, of Hermitage Capital Management Fund, filed the lawsuits asking the court to uphold his belief that PwC presented audit reports that allegedly ‘contradicted the facts’.
Hermitage also filed a demand with the Russian Ministry of Finance that PwC’s licence to audit be suspended. But, last month Gazprom’s board recommended that shareholders vote to retain PwC as the company’s auditor at their annual general meeting scheduled for 28 June 2002.
When the suit was filed, Buski of PwC in Russia said: ‘We stand behind all our audits of Gazprom and will continue to do so in the future.’
Mazars has announced the appointment of Michael Tripp as the new head of financial services
A new leader, Darra Singh has been appointed to lead EY’s UK government and public sector practice
MHA MacIntyre Hudson has partnered with cloud accounting software provider Xero ahead of the government’s requirement for digital records
Revenue and profitability growth in on the rise for CPA firms, found a survey from the American Institute of CPA’s and its subsidiary CPA.com