PwC Independence Questioned in Dispute With Regulators

PricewaterhouseCoopers LLP is in talks with regulators to resolve a dispute about whether the accounting giant is too close to some of its mutual-fund clients, highlighting an issue that could upend some relationships between auditors and money managers. The disagreement with the Securities and Exchange Commission’s staff centers on a SEC requirement known as the Loan Rule, according to federal filings from fund companies including BlackRock Inc., Goldman Sachs Asset Management and Delaware Investments. Auditors,…

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