Advertise | AdChoices

Exclusive: U.S. audit watchdog to criticize PwC - internal memo

Advertise | AdChoices
Media persons and policemen gather outside office of PWC in Hyderabad
© Krishnendu Halder / Reuters
Media persons and policemen gather outside the office of PricewaterhouseCoopers (PWC), the auditors of Satyam Computers Services, in the southern Indian city of Hyderabad January 13, 2009. REUTERS/Krishnendu Halder
By
updated 3/7/2013 9:54:53 AM ET 2013-03-07T14:54:53

(Reuters) - The U.S. board that regulates corporate auditors is expected to release a report soon criticizing quality controls at accounting firm PricewaterhouseCoopers , according to an internal PwC memo dated March 7 and obtained by Reuters.

The memo, signed by PwC's U.S. Chairman Robert Moritz, said the report from the Public Company Accounting Oversight Board will fault the audit firm for not promptly addressing quality control problems found during inspections of some of its 2007 and 2008 audits.

The memo defended PwC's efforts to improve quality controls and said it was disappointed with the watchdog's report.

A spokeswoman for PwC declined comment.

(Reporting by Dena Aubin; Editing by Kevin Drawbaugh; Editing by Gerald E. McCormick)

(c) Copyright Thomson Reuters 2013. Check for restrictions at: http://about.reuters.com/fulllegal.asp

Advertise | AdChoices
Advertise | AdChoices
Advertise | AdChoices

Discuss:

Discussion comments

“ ”

Expand Collapse
,
Reply
Advertise | AdChoices
Advertise | AdChoices
Advertise | AdChoices

Most active discussions

  1. votes comments
  2. votes comments
  3. votes comments
  4. votes comments

Data: Latest rates in the US

Mortgage rates View rates in your area
Mortgage type Today +/- Chart
30 yr fixed mtg 3.73%
15 yr fixed mtg 2.85%
30 yr fixed jumbo mtg 4.00%
Auto rates View rates in your area
Auto type Today +/- Chart
48 month new car loan 2.44%
36 month used car loan 2.88%
36 month new car loan 2.29%
Home equity rates View rates in your area
Home equity type Today +/- Chart
$30K HELOC FICO 4.99%
$30K home equity loan FICO 6.17%
$75K home equity loan FICO 5.94%
Credit card rates View more rates
Card type Today +/- Last Week
Low Interest Cards 11.01%
11.01%
Cash Back Cards 16.34%
16.34%
Rewards Cards 15.80%
15.80%
Savings rates View rates in your area
Savings type Today +/- Chart
Money market account 0.45%
$10K Money market account 0.46%
6 month CD 0.40%
Advertise | AdChoices
Source: Bankrate.com
  1. Media persons and policemen gather outside office of PWC in Hyderabad
    © Krishnendu Halder / Reuters
    Jump to text

    (Reuters) - The U.S. board that regulates corpor...

  2. Jump to discussion

    Exclusive: U.S. audit watchdog to criticize PwC ...

  3. Jump to data

    See the latest rates around the country

  4. Jump to related

    Stocks & economy