icon bookmark-bicon bookmarkicon cameraicon checkicon chevron downicon chevron lefticon chevron righticon chevron upicon closeicon v-compressicon downloadicon editicon v-expandicon fbicon fileicon filtericon flag ruicon full chevron downicon full chevron lefticon full chevron righticon full chevron upicon gpicon insicon mailicon moveicon-musicicon mutedicon nomutedicon okicon v-pauseicon v-playicon searchicon shareicon sign inicon sign upicon stepbackicon stepforicon swipe downicon tagicon tagsicon tgicon trashicon twicon vkicon yticon wticon fm

PWC faces charges for false audit

PWC faces charges for false audit
Russian tax authorities have filed a suit against the local branch of PriceWaterhouseCoopers, accusing it of producing a false audit for fallen oil company Yukos, Vedomosti business daily reported on Monday.

Moscow's arbitration court filed a suit accusing PWC of compiling two audits – one for internal use, warning of illegal actions by Yukos and a second “false” one for the shareholders.

The tax inspectorate has demanded the cancellation of a contract between the two companies – and that the fee of $ US 145, 000 which Yukos paid for the 2002 audit be refunded.

The Yukos receiver last month said the company owes its creditors around $US 25 BLN. 

Dear readers and commenters,

We have implemented a new engine for our comment section. We hope the transition goes smoothly for all of you. Unfortunately, the comments made before the change have been lost due to a technical problem. We are working on restoring them, and hoping to see you fill up the comment section with new ones. You should still be able to log in to comment using your social-media profiles, but if you signed up under an RT profile before, you are invited to create a new profile with the new commenting system.

Sorry for the inconvenience, and looking forward to your future comments,

RT Team.