Greensill scandal: Watchdog opens investigation into auditors including PwC

Inquiry involves Saffery Champness and PwC’s audit of the Sanjeev Gupta-owned Wyelands Bank

Britain’s accounting watchdog has opened investigations into PwC and a smaller rival over audits conducted for Greensill Capital UK and the bank owned by one of its largest borrowers, the metals magnate Sanjeev Gupta.

The Financial Reporting Council’s (FRC) investigations – launched on 15 June but only made public on Monday – add to a growing list of investigations linked to Greensill and its customers, after it fell into administration in March this year.

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from The Guardian https://ift.tt/3xSfRVM