Financial services firm PwC has appointed eight new partners at its offices across the Midlands. The promotions are among 400 staff starting new roles at its three offices in the region including seven directors, 33 senior managers and 57 managers. The eight Midlands partners join a total of 77 across PwC’s UK operations and a further 22 promoted in January. The partner admissions in Birmingham...
PwC handed £1.8m fine over BT audit work
Big Four accounting firm PwC has been fined £1.75m by the accounting watchdog over its audit work for BT carried out in the wake of fraud in the telecoms giant’s Italian operations in 2016. The Financial Reporting Council (FRC) said it also fined audit partner Richard Hughes £42,000 over the BT work. Both PwC and Mr Hughes admitted breaches of the rules in relation to their audits of the...