FRC investigates PwC audit of Berkeley

The Financial Reporting Council is investigating whether a PwC audit of Berkeley last year was independent after a former partner at the Big Four firm joined the board of the housebuilder.

The accounting watchdog said it was examining the audit of Berkeley Group Holdings' financial statements for the year ended 30 April 2012.

The FRC declined to comment further on its investigation. Berkeley declined to comment.

A report in the Financial Times said...

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