PwC and former NW senior partner fined over RSM Tenon audit
Accountancy firm PwC and its former North West senior partner Nick Boden have been fined more than £5m between them for misconduct over the audit of RSM Tenon financial statements in 2011 - before the firm almost collapsed.
RSM Tenon was the UK’s only listed accountancy firm, with Boden its senior statutory auditor and audit engagement partner at the time.
Its problems first emerged when it had to restate its 2011 and 2012 accounts in relation to its accounting policy for referral fees, and errors in recording employee bonuse... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
