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...PwC declined to comment on the ongoing litigation, as did Grant Thornton. The PwC case is being closely watched by the accounting industry....
...PwC’s US business, which declined to comment, did no audit work at Refco. Grant Thornton has been Refco’s auditor since 2002, but its staff did not spot the alleged fraud until September....
...Refco partly dealt with the problem by hiring PwC to advise on financial reporting....
...Fine print More problems for Refco, it seems. As part of its bankruptcy filing, Refco listed its top 15 creditors in court papers....
...The US financial services giant was voted best investment bank in China by fellow foreign banks ahead of luminaries such as Goldman Sachs and Morgan Stanley, according to a survey by accountants PwC....
...The alleged securities fraud at Refco, the futures brokerage group that collapsed last month after admitting investors had not been told about how its former chief executive owed it $430m, shows “there is...
...The PwC report commissioned by Clinton, which was completed in three weeks, also found no wrongdoing, but was never made public....
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