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Previous Posts
9/15/2005
Not a Good Day to Be PriceWaterhouseCoopers
In Japan...via the FT.com:
Arrests at PwC Japan affiliate

By Mariko Sanchanta in Tokyo
September 13 2005
The Financial Times

Tokyo prosecutors on Tuesday arrested four accountants at a Japanese affiliate of PwC for allegedly helping Kanebo executives falsify accounting reports. Prosecutors also raided ChuoAoyama PricewaterhouseCoopers’s Tokyo office on Tuesday in connection with Kanebo, the embattled household goods and cosmetics conglomerate that is in the midst of a high-profile auction process...
The full article (which is available to subscribers only) appears here. Additional details can be found in this Japan Times Online article.

And in the UK...via The Herald:
PwC investigated over role in Mayflower collapse

KARL WEST, City Editor
September 15 2005
The Herald

BRITAIN'S biggest audit firm is being investigated by the accounting regulator over its part in the collapse of bus maker Mayflower, which owned Falkirk-based TransBus. Following an investigation, the Accountancy Investigation & Discipline Board yesterday said it had decided to file "disciplinary complaints" against PricewaterhouseCoopers and Mayflower's former finance director, David Donnelly...
The full article appears here. This would be the third recent probe into a PWC audit in the UK.

-- MDT
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