Please ensure Javascript is enabled for purposes of website accessibility

Ukraine Yanks PwC’s Bank Audit License

PwC fdic colonial

From the Financial Times, the National Bank of Ukraine “announced it had pulled [PwC’s] domestic bank auditing rights for failing in prior audits to identify a $5.5bn balance-sheet hole at PrivatBank, the country’s largest lender.” Look for a press release stating that the annexation of Crimea was totally legal from the firm in the coming days. [FT]