Kabul Bank report increases pressure on PwC Pakistan
Leaked report critical of PwC's Pakistani office's audit role at Kabul Bank
THE POSSIBILITY of legal action against PwC’s Pakistan office increased after a leaked report was critical of the firm’s actions as auditor of Kabul Bank.
The report by Kroll points to what is described by Afghanistan’s finance minister Hazrat Omar Zahkiwal as “at a minimum level serious negligence” by PwC firm AF Ferguson & Co, reported The Independent.
The bank collapsed in a fraud which saw $900 (£500m) go missing. The report also points to failings by the Afghan government’s Central Bank.
AF Ferguson & Co said it was not in a position to comment, “…as we have not been involved in the investigation and are not privy to its findings”.