A federal decide’s decision on Monday that international audit agency PricewaterhouseCoopers LLP should pay $625 million to the Federal Deposit Insurance Corporation supplies a uncommon look into the typically secret settlements between international audit companies and chapter trustees. Judge Barbara Rothstein’s determination within the case of Colonial BancGroup Inc. and the FDIC v. PricewaterhouseCoopers LLP, […]
PwC faces largest ever auditor malpractice damages verdict
The Federal Deposit Insurance Corp. might acquire the largest injury award ever towards a worldwide public accounting agency when a federal decide decides what to award the company after a verdict towards PricewaterhouseCoopers. The FDIC, appearing as receiver for the failed Colonial Bank Group that collapsed in 2009, has requested Judge Barbara Rothstein to award […]