PwC Grilled by MPs Over BHS “Going Concern” Audit

BHS auditor PwC faced challenges over the decision to describe the retailer as a ‘going concern’ just days before its sale for £1 to a consortium with no retail experience, during a parliamentary select committee session which also heard evidence that the company’s finance director was warned ahead of the deal, which saw BHS collapse into insolvency within months, that the buyer was a former bankrupt.