Regulator opens probe into PwC over WH Smith audit debacle

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FRC launched probe into PwC over WH Smith https://www.cityam.com/wp-content/uploads/2024/09/pwc-5bb243356f36a-1.webp?w=1107" />

The Financial Reporting Council (FRC) has launched an investigation into PwC over its audit of WH Smith that resulted in delayed annual results last year.

Last August, WH Smith shares plummeted by up to 40 per cent after it admitted to an accounting error that overstated expected headline trading profit in its North American business https://www.cityam.com/regulator-opens-probe-into-pwc-over-wh-smith-audit-debacle/">[...]

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PwC Investigated Over WH Smith Audit