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View Full Version : PwC's failure to spot Colonial fraud spells trouble for auditors - Financial Times



FraudNews
01-05-2018, 02:43 PM
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Financial Times (http://news.google.com/news/url?sa=t&fd=R&ct2=en_za&usg=AFQjCNHLhCqdg-osGclJl_3Q5ZEsutC2iQ&clid=c3a7d30bb8a4878e06b80cf16b898331&cid=52779751852932&ei=IJ1PWvjCMITA3gGpmZ64Dg&url=https://www.ft.com/content/c2cc45d6-f1f6-11e7-b220-857e26d1aca4)


PwC's failure to spot Colonial fraud spells trouble for auditors (http://news.google.com/news/url?sa=t&fd=R&ct2=en_za&usg=AFQjCNHLhCqdg-osGclJl_3Q5ZEsutC2iQ&clid=c3a7d30bb8a4878e06b80cf16b898331&cid=52779751852932&ei=IJ1PWvjCMITA3gGpmZ64Dg&url=https://www.ft.com/content/c2cc45d6-f1f6-11e7-b220-857e26d1aca4)
Financial Times
PwC and the auditing profession just lost a big one. On New Year's Eve, a federal judge in Alabama found that the Big Four firm's failure to catch a years-long fraud involving made-up mortgages at Colonial Bank amounted to professional negligence ...

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