According to a leaked report on the audit of BHS, as seen by The Times, the FRC said PwC “should have concluded that a material uncertainty existed” about the retailer’s chances of survival after Sir Philip Green sold it to former bankrupt Dominic Chappell in 2015.
The leaked report reportedly includes eight allegations against PwC, such as how it allegedly did not factor in the impact of the sale to Chappell even though its own tax team said the retailer was “effectively bust” at the time.
‘Enforcement 40’ for 2020
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