Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

RSM Tenon dumps PwC as auditor as inquiry rumbles on

RSM Tenon dumps PwC as auditor as inquiry rumbles on

Troubled financial services group RSM Tenon has officially dumped PricewaterhouseCoopers (PwC) as the legal battle over its accounts continues.

In April it emerged PwC was facing inquiry into the auditing of RSM's accounts, and at a meeting RSM investors voted to let go of the consultancy until the investigation was over.

The inquiry into PwC's auditing came after RSM found 'blackholes' in its accounts.

'The board has considered whether to hold an audit tender process this financial year. Since then the board has decided to start this process,' RSM, which is chaired by Tim Ingram (pictured), announced.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Your Business: Cover Star Club

Profile: The Brewin & Barclays alum bringing the City to Brighton

Profile: The Brewin & Barclays alum bringing the City to Brighton

Stepping away from the corporate world was a big step for David Pegler and Tim O’Connor when they founded Brighton Capital Management

Wealth Manager on Twitter