PwC quits as auditor to troubled Triad

Post date: May 08, 2011 4:15:53 PM

The Independent: PwC quits as auditor to troubled Triad

Tuesday, 13 June 2006

by Julia Kollewe

“PricewaterhouseCoopers has resigned as auditor to Triad Group, the IT services company that sacked its chief executive, Mira Makar, after she instigated an independent investigation into accounting issues. 

PwC resigned in April, it emerged yesterday, and has been replaced by BDO Stoy Hayward.”

“The loss includes £391,000 of legal fees incurred by the firm when it fought off Ms Makar's attempts to scrutinise its books.”

“Last year's results revealed that in PwC's opinion, Triad had failed to keep proper accounting records as required by the Companies Act.”

Full Article :

 http://www.independent.co.uk/news/business/news/pwc-quits-as-auditor-to-troubled-triad-482215.html