Friday, August 26, 2016

PwC settles $5.5 billion lawsuit over Taylor, Bean & Whitaker audits

The ghost of Taylor, Bean & Whitaker struck again Friday, as PricewaterhouseCoopers agreed to settle a $5.5 billion lawsuit that accused the company of failing in its audits duties by not discovering the accounting malfeasance that led to one of the most spectacular crashes to come out of the housing crisis.

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