Then They Came For The Auditors


PWCThis may be interesting.

“The administrators of Quinn Insurance have been given the go ahead to serve a summons on PricewaterhouseCoopers, the former auditors to the collapsed insurance group.”

“The President of the High Court, Mr Justice Nicholas Kearns, gave his consent after a short hearing this afternoon where he was updated on the administrators’ preparations for the huge commercial action.”

“The collapse of Quinn Insurance is expected to lead to drawings on the Insurance Compensation Fund of in the region of €1.6 billion and has prompted the Government to establish a 2 per cent levy on all home, motor and commercial insurance policies.”

Quinn Insurance to sue PwC for damages (Colm Keena, Irish Times)

Sam Boal/Photocall Ireland

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