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PwC clearer of misconduct over Barclays audit

06 October 2017

The FRCís announcement to close its investigation into PwC in relation to Barclays Bank plc and client asset rules did not go down too well in Westminster or the city it seems.

The Executive Counsel to the FRC concluded that there was no realistic prospect that a Tribunal would make an adverse finding against PwC in respect of the matters within the scope of the investigation.

However, this announcement comes just weeks after the watchdog closed its investigation of KPMG over the audit of HBOS.

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