Don't miss out! Sign up today for our weekly newsletters and stay abreast of important GRC-related information and news.
Accounting & Auditing Update
The "Accounting & Auditing Update" is written by Tammy Whitehouse, a veteran business writer who has been a regular contributor to Compliance Week since 2005. Her work has also appeared in industry journals and periodicals including Journal of Business Strategy, Strategy & Leadership, Compensation & Benefits Review, Inc, Buyside, and myriad others. Whitehouse welcomes questions and comments from readers; she can be reached via e-mail at twhitehouse@complianceweek.com.
1 results found, filtered by:
No active filters
-
Accounting & Auditing Update Blog
PwC Faces Ban, $25 Million Fine Over Banking Regulatory Report
Tammy Whitehouse | August 18, 2014
The New York Department of Financial Services says PwC partners bowed to pressure from the Bank of Tokyo Mitsubishi to remove references from a report to regulators about the bank’s activity in falsifying wire transfer information to countries such as Iran, Sudan, and others under sanction. The regulator handed PwC a two-year ban on new consulting arrangements subject to its approval and a $25 million fine after concluding the firm put client interests ahead of an objective regulatory review. More inside.
Displaying 1 result