PwC’s audit of JP Morgan may be investigated after the firm failed to spot
that £16bn of client funds was placed into the wrong bank accounts, the Daily
The Financial Services Authority has referred the case to the Financial
Reporting Council and the ICAEW, which could take up the issue with PwC.
JP Morgan received a £33.3m by the FSA – the largest fine handed out by the
An FRC spokesman told the Telegraph it was “liaising closely with the FSA and
will consider whether any action needs to be taken”.
A spokesman for the ICEAW said he was “not aware of any kind of investigation
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
"The whole idea of HMRC officials supplying confidential information about individuals to the media on a non-attributable basis is, or should be, a matter of serious concern," say Supreme Court judges
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