Herbert Smith, Fountain Court and Five Paper Buildings have taken roles on a high-profile action against PricewaterhouseCoopers (PwC) that has seen the accounting giant fined £1.4m. The proceedings were launched by the Accountancy & Actuarial Discipline Board (AADB) into the role of PwC's UK arm in not uncovering a failure by audit client JP Morgan to ringfence client money.
January 06, 2012 at 11:23 AM
1 minute read
The original version of this story was published on Legalweek
Herbert Smith, Fountain Court and Five Paper Buildings have taken roles on a high-profile action against PricewaterhouseCoopers (PwC) that has seen the accounting giant fined £1.4m.
The proceedings were launched by the Accountancy & Actuarial Discipline Board (AADB) into the role of PwC’s UK arm in not uncovering a failure by audit client JP Morgan to ringfence client money.
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