• Ukraine Yanks PwC’s Bank Audit License

    By | July 20, 2017

    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]

    • Big4Veteran

      What’s a “balance-sheet hole”? Serious question.

      • N.E.R.D.

        That old plug to RE that’s been rolled SALY so many years by a new associate every year that it’s become an accepted figure because “it’s always been like that.”