• Register
Return to: Home > News > Regulation > UK FRC to investigate PwC's audit of Berkeley Group

UK FRC to investigate PwC's audit of Berkeley Group

The UK Financial Reporting Council (FRC) has opened an investigation into whether PwC UK was acting independently when it audited UK house builder Berkeley Group Holdings for the year ended 30 April 2012.

The FRC said in a statement it launched its investigation as a result of a former PwC partner, Glyn Barker, joining the board of Berkeley Group Holdings.

Barker was appointed non executive director of Berkeley in January 2012, after a 35 years career at PwC, serving most recently as PwC UK vice chairman.

Berkeley Group Holdings declined to comment.

PwC UK said in a statement: "We can confirm that we have received a letter from the FRC informing us that they are commencing an investigation. We will continue to fully cooperate with the FRC's enquiries. We take our independence responsibilities very seriously."

Related links

UK Financial Reporting Council

PwC UK

 

 

 

 

Top Content

    Blockchain and the Big Four: does it deserve all the hype?

    Although still in its infancy, blockchain is one of the most talked-about technologies of 2018. Will the blockchain bubble burst, or will it live up to its reputation as the ‘new internet’? Eleanor Jerome investigates

    read more

    Malaysia: Ready to show its strength

    Recent changes have enhanced the quality of audit reports in Malaysia, giving the profession a welcome opportunity to demonstrate its value to clients. Paul Golden reports

    read more

    China: Regulating the Chinese dragon

    Harsh regulatory actions and looming US trade wars have been dampening expectations in a Chinese market still full of potential, finds Jonathan Minter

    read more

    Indigenous Australians: New checks and balances

    With fewer than 40 known qualified Indigenous Australian accountants, Jonathan Minter speaks to Shelley Cable from PwC Australia about how increasing this number is an important part of improving the financial literacy of Indigenous communities

    read more
Privacy Policy

We have updated our privacy policy. In the latest update it explains what cookies are and how we use them on our site. To learn more about cookies and their benefits, please view our privacy policy. Please be aware that parts of this site will not function correctly if you disable cookies. By continuing to use this site, you consent to our use of cookies in accordance with our privacy policy unless you have disabled them.