RE: RNS for info25 Jul 2017 23:37
Today's FRC press release refers to the Member responsible for preparing the Redcentric financial info for the last couple of year ends. PwC as the auditor is not permitted to prepare the financial information. Consequently, the FRC will be referring to someone in the finance team - presumably the CFO - who is a member of one of the institutes, most likely ICAEW. The press release does remind us that a separate investigation had been opened into the conduct of PwC's audit back in February 2017, which is presumably still ongoing.