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Late last week, a federal judge ruled that PwC was "negligent" in its role as Colonial Bank’s auditor, stating that the company could have done more to prevent Colonial’s collapse.
Judge Determines that PricewaterhouseCoopers was Negligent in Colonial Bank Auditing Case – Constantine Cannon Commissioner, social security administrationJudge Determines that PricewaterhouseCoopers was Negligent in Colonial Bank Auditing Case – constantine cannon pwc faces negligence claim over $2bn fraud at Colonial Bank. – PWC faces.
PwC Can’t Shed Claims It Missed Colonial Bank Fraud.. than they establish the negligence of PwC and Crowe," Judge Watkins said.. failures of PwC and Crowe in their auditing of Colonial.
Late last week, a federal judge determined that accounting giant PricewaterhouseCoopers (PwC) was negligent in its auditing of Colonial Bank, the Alabama institution that failed in 2009 in the midst of the financial crisis.
Judge Determines that PricewaterhouseCoopers was Negligent in Colonial Bank Auditing Case – Constantine Cannon In Tuesday’s opinion, judge watkins rejected crowe’ s argument that it had no professional duty to Colonial because it was not the bank’s internal auditor but merely a provider of services, calling.
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Judge Determines that PricewaterhouseCoopers was Negligent in Colonial Bank Auditing Case – Constantine Cannon The judge found that PwC was negligent in connection with the audit of Colonial bank. This opens up PwC to 100’s of millions of dollars in damages.
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