PwC fined $2.75 million by US PCAOB for alleged quality control violations relating to independence
( March 28, 2024, 17:06 GMT | Official Statement) -- MLex Summary: PricewaterhouseCoopers has been fined $2.75 million by the US Public Accounting Oversight Board for failing quality control standards relating to the maintenance of auditor independence. The PCAOB found that PwC’s quality control policies were deficient because they didn’t provide reasonable assurance that the firm’s personnel would timely consult with qualified individuals or other sources when dealing with certain complex or unfamiliar independence issues.Statement follows in full. Also see document below. ...
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