U.K. Auditors, Regulators Warn of Brexit Risk

PwC is joining KPMG LLP in including a Brexit warning in its audit reports, and regulators have released new guidance to auditors on how to handle a no-deal situation.

Both moves come amid news that the parliamentary vote on whether to approve the government’s Brexit deal will be delayed from Feb. 27 to March 12, just 17 days before the U.K. is due to leave the European Union.

Parliament overwhelmingly rejected a deal brokered between the U.K. government and the European Commission in January, and so far Brussels has rejected making any changes to the agreement. That raises the danger ...