uti.is 11 Mar 12: Glitnir WUB sues PwC Iceland – and PwC UK

The Glitnir Winding-Up Board has sued not only PwC Iceland but also PwC UK, according to Ruv. This case is further in the process than an identical case that Landsbanki WUB is pursuing against the bank’s external auditors, incidentally PwC, due in court in June. The Glitnir case will come up in the Reykjavik District Court April 12.


As pointed out earlier, it seems logical that the auditors of all the banks will be presented with similar cases since the SIP report indicates similar shortcomings in all the banks. The really interesting question is if the Office of the Special Prosecutor will take action against the banks’ external auditors.


read Sigrun's blog here

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