Investigation launched into audits of collapsed property giant
The Financial Reporting Council (FRC) has launched an investigation into PwC's audits of failed shopping centre owner Intu Properties.
Intu owned major shopping centres across the country, including the Trafford Centre and Arndale in Manchester, Merry Hill and Potteries in the West Midlands, and Cribbs Causeway in Bristol.
Intu entered administration in June 2020 after breaching debt covenants but the group's financial troubles pre-dated the pandemic.
Its 2019 accounts warned of a "material uncertainty" about its ability to c... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
