PwC Quits as Carlsberg India Auditor, Won’t Approve Accounts (1)

Nov. 10, 2020, 2:12 PM; Updated: Nov. 11, 2020, 4:23 PM

PricewaterhouseCoopers LLP has quit as auditor of Carlsberg India after a boardroom dispute at the brewery spilled into its bookkeeping.

“After issuing a disclaimer of opinion for the second year in a row, the auditor decided to resign,” Steve Deng, corporate affairs director, Carlsberg Asia, said Tuesday by e-mail. “While we regret this decision, we understand the auditors’ reason for resigning due to the highly disruptive side-effects of the very difficult commercial conflict with our joint venture partner in India during the last two ...

To read the full article log in. To learn more about a subscription click here.