Accounting giant PwC fined £2.5m for its audit of BT
It failed to properly challenge BT's 2017 results, the Financial Reporting Council said.
Source: thisismoney.co.uk
Gianluca Cimini News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Stay updated with breaking news from Gianluca Cimini. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Top News In Gianluca Cimini Today - Breaking & Trending Today
Accounting giant PwC fined £2.5m for its audit of BT
It failed to properly challenge BT's 2017 results, the Financial Reporting Council said.
Source: dailymail.co.uk
BT in the dock as £530m Italian fraud trial begins
A BT spokesman said the alleged fraud was 'historic' and confined to a small number of people in Italy. He said: 'Whilst we remain confident in our defence, given the ongoing proceedings, it would be inappropriate for us to comment further.' BT was warned of trouble at its Italian division by a whistleblower in 2016, when former chief executive Gavin Patterson was still in charge. It disclosed problems to investors in October that year, writing off £145million from BT Italia's value due to 'inappropriate management behaviour'. But following a forensic review by outside accountants at KPMG, B...
Source: dailymail.co.uk
Day of reckoning looms for the bosses of BT's stricken Italian arm
Day of reckoning looms for the bosses of BT’s stricken Italian arm The trial into accounting irregularities at BT Italia is opening at last and could cast a shadow over the telecoms giant for years to come Credit: Illustration by Alex Mellon for The Telegraph Mike Rake was welcomed back to London with a bump. Chairman of BT at the time, he was returning from the snow-covered hills of Davos, the Swiss ski resort that doubles up as home to the World Economic Forum. But no sooner had the plane door opened than the phone started ringing: it was the worst possible news. After months of invest...
Source: telegraph.co.uk