PwC affiliates in the US and Australia agreed to pay $3.35 million in combined penalties for separate audit violations related to business negotiations with a client and an investigation into the leak of government tax plans.
PwC’s US arm agreed to a $2.75 million penalty to settle charges that a potential business deal with an audit client exposed gaps in the Big Four firm’s guardrails meant to prevent conflicts of interest, the Public Company Accounting Oversight Board said Thursday.
The US audit regulator also sanctioned PricewaterhouseCoopers, the firm’s affiliate based in Sydney, for not reporting to the board an investigation ...
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