View the article online at http://citywire.co.uk/wealth-manager/article/a643833
RSM Tenon dumps PwC as auditor as inquiry rumbles on
by Sarah Miloudi on Dec 06, 2012 at 13:46
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.
News sponsored by:
As the UK coalition government strives to rebalance the national economy, so called 'reshoring' looks set to play an increasingly important role in economic recovery.
Today's top headlines
With talk on interest rates on the horizon, our latest roundtable debate covers income investing against a changing backdrop
More about this:
Look up the shares
More from us
On the road
by Gavin Lumsden on Jul 22, 2014 at 05:01