Belfast Telegraph

Ex-partner at PwC banned for BHS audit

By Staff Reporter

An ex-partner at PricewaterhouseCoopers (PwC) who audited the accounts of now collapsed retailer BHS has been fined £325,000 and banned from the profession for 15 years.

Steve Denison admitted misconduct in relation to the 2014 audit of BHS and the Taveta Group, according to the Financial Reporting Council.

Mr Denison had audited Taveta since 2008 and signed off the BHS accounts as a "going concern" days before it was sold for £1.

It later collapsed into administration in 2016, affecting 11,000 jobs and around 19,000 pension holders, leaving a £571m pension deficit. The regulator also fined PwC £10m.

Belfast Telegraph

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