Investigation announced in connection with PricewaterhouseCoopers LLP as auditors to The Berkeley Group Holdings plc
16 September 2013
The Financial Reporting Council (FRC) has launched an investigation under the Accountancy Scheme into whether PricewaterhouseCoopers LLP was independent when it conducted the audit of The Berkeley Group Holdings plc’s financial statements for the year ended 30 April 2012, as a result of a former partner joining the Board.
Notes to editors:
The FRC is responsible for promoting high quality corporate governance and reporting to foster investment. We set the UK Corporate Governance and Stewardship Codes as well as UK standards for accounting, auditing and actuarial work. We represent UK interests in international standard-setting. We also monitor and take action to promote the quality of corporate reporting and auditing. We operate independent disciplinary arrangements for accountants and actuaries; and oversee the regulatory activities of the accountancy and actuarial professional bodies.