PricewaterhouseCoopers announced that it will create a new audit firm in Japan after an alliance with a partner was ordered to halt auditing services for two months.

"A permanent new and independent audit firm is being created in Japan," PwC said in a statement, even as the Big Four firm promised it would maintain a partnership with ChuoAoyama Audit Corp. ChuoAoyama, which employs 2,500 people, is a member firm of PwC and recently received penalties for poor supervision of its staff.

Register or login for access to this item and much more

All Accounting Today content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access