LONDON, Jan 17 — Britain’s accounting watchdog today broadened a probe into financial services firm PricewaterhouseCoopers over its audits of UK defence group Babcock International.
PwC added in reaction that it will “cooperate fully” with the regulator, and stressed that audit quality was of “paramount importance” to the group. After conducting its own review, Babcock recently revealed it had made 140 adjustments totalling about £2 billion .
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