FRC SCALES BACK PwC PROBE OVER TESCO ACCOUNTING

摘要

The Financial Reporting Council (FRC) has closed part of its two year-plus investigation into PwC's conduct as auditor of Tesco pic, after concluding there was not a realistic prospect that a disciplinary tribunal would make an 'adverse finding' against the firm and PwC partners involved in this particular strand of the investigation. The regulator confirmed it is no longer investigating ICAEW members at PwC, but that its investigation into certain other members of the accountancy bodies is ongoing.