Britain Watchdog To Probe PwC Over Tesco Accounting Scandal

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Britain Watchdog To Probe PwC Over Tesco Accounting Scandal

(Reuters) – Britain’s accounting watchdog, the Financial Reporting Council (FRC), said on Monday it had launched an inquiry into PwC over its auditing of Tesco’s 2012, 2013 and 2014 accounts. Tesco said in September that it had overstated first-half profits by 250 million pounds due to incorrectly booking payments from suppliers — a figure later raised…

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