FRC drops investigation into PwC’s Intu Properties audits

The U.K. Financial Reporting Council (FRC) announced it closed its investigation into Big Four firm PwC’s audit work at collapsed real estate investment trust Intu Properties.

In January, the regulator launched its probe into PwC’s audits of Intu’s financial statements for the years ended December 2017 and 2018.

The probe was dropped after the FRC found “the relevant person(s) should no longer be liable for enforcement action,” it said in a press release Tuesday.

THIS IS MEMBERS-ONLY CONTENT

SINGLE MEMBERSHIP                                             CORPORATE MEMBERSHIP

You are not logged in and do not have access to members-only content.

If you are already a registered user or a member, SIGN IN now.