PwC to face grilling over JP Morgan audit
A disciplinary hearing date has now been set for PwC in relation to a formal complaint over its audit of JP Morgan Securities for the seven years to 31 December 2008.
The Financial Services Authority (FSA) claimed that the preparation of reports logged by PwC in respect of JP Morgan's compliance with FSA Client Asset Rules were sub-standard.
The Big Four firm will now come before the Accountancy and Actuarial Disciplinary Board (AADB) to defend itself on 28 November at the International Dispute Resolution Centre in London.
Back in August PwC admitted, following the outcome of an investigation into the conduct of the firm, to mistakes in its audit of JP Morgan.
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