Accounting firm PwC fined £1.75m over mishandling of BT audit

Back in 2017, BT was embroiled in an accounting scandal relating to its Italian unit, with the company forced to write down £530 million following a sophisticated case of accounting fraud.
 
The acknowledgement of the scandal saw BT’s stock market value nosedive by around £8 billion and triggered an enormous restructure that cut 4…

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