PwC faces $40 M lawsuit from Botswana supermarket

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, All Articles, Auditing, Cost Accounting, Ethical Dilemma, Financial Accounting, IFRS, Intermediate Accounting, International Accounting, Managerial Accounting, Uncategorized.

According to Accounting Today, two senior executives at Botswana supermarket chain, Choppies Enterprises Ltd., are suing former auditors PwC for 653 million rand ($40 million) for not signing off on the company‚Äôs 2018 accounts, leading to a share price collapse. Questions: What are the actual allegations? How much did Choppies shares lose between September 2018… Read more »