PwC is facing an investigation by an accountancy watchdog into its auditing of professional services firm RSM Tenon.
The Accountancy and Actuarial Discipline Board has been looking into PwC's work for Tenon and is expected to open a full inquiry within weeks, according to The Times. Tenon's new management called in lawyers to review PwC's auditing of the group amid "serious concerns" about its work, company documents revealed. The lawyers, from Reynolds Porter Chamberlain, advised that Tenon may have a legal claim against the auditors. The move follows a series of problems for the professional services firm, following a shock profit warning issued in January - the company also said at the time that ...
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