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.