The firm severed ties with Burmese firm Hla Tun Consultants, which it had ownership interest in.
In a letter to the Burma UK campaign, a PwC senior partner wrote: ‘We were aware that another member of the PricewaterhouseCoopers network of firms, which held an ownership interest in an entity operating in Burma, was re-evaluating their ownership in this entity. I am now able to confirm that we have been informed that this ownership interest has since been divested.’
Political opposition is subject to draconian controls in Burma, and the government is accused of abuses including the widespread use of slave labour.
Aung San Suu Kyi, leader of the opposition National League for Democracy, has been under house arrest since May.
HMRC breaches client confidentiality; and partner profits fall at EY. These stories and more discussed in Friday Afternoon Live
Two new audit partners have been appointed at the firm BDO in its audit practice following continued growth and investment
Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and the Prelude Group
Six new partners have been revealed by top ten firm Mazars