A Russian appeals court has given PricewaterhouseCoopers' Russian firm the right to appeal a tax evasion case involving the firm's audits of the bankrupt Yukos oil company.
The ruling by the Federal Arbitration Court reverses a lower court order in January that could have threatened PwC's auditing license in Russia, according to the Wall Street Journal. PwC will now be able to appeal a ruling that found PwC was an active participant in aiding Yukos's tax evasion for 2002, 2003 and 2004. The Russian government has also filed tax evasion claims against the firm itself. Under pressure from authorities, PwC was forced to withdraw its audits of Yukos last year.
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