PwC facing disciplinary complaint over Mayflower

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The Accountancy Investigation and Discipline Board (AIDB) is filing a disciplinary complaint against PricewaterhouseCoopers, following an investigation into the firm's conduct as former auditor of The Mayflower Corporation and its subsidiary, Transbus International. A complaint is also being filed against Mayflower's former finance director, David Donnelly.

The complaint against PwC relates to their audit of the 2002 Transbus accounts - particularly amounts held on behalf of a bank under an invoice discounting facility

- and their audit of the 2002 Mayflower accounts, especially disclosures relating to the company's ability to continue as a going concern beyond 31 December 2003.

Donnelly is facing a disciplinary complaint over disclosures in the 2002 Mayflower accounts relating to the company...

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