New York (Oct. 1, 2002) -- New York prosecutors are probing whether Tyco International auditor PricewaterhouseCoopers was aware of secret bonuses paid to former Tyco executives, the Wall Street Journal reported.A PwC spokesman confirmed the Big Four firm was being questioned by the Manhattan district attorney's office and that it was cooperating with the investigation.
A focus of the probe is whether PwC discovered secret bonuses during its audit of Tyco. The Journal reported that prosecutors also were seeking to determine whether PwC was aware of improper accounting techniques that the Securities and Exchange Commission charged that Tyco used to hide the bonus payments.
--Electronic Accountant Newswire staff
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