Britain Watchdog To Probe PwC Over Tesco Accounting Scandal

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Britain Watchdog To Probe PwC Over Tesco Accounting Scandal

(Reuters) – Britain’s accounting watchdog, the Financial Reporting Council (FRC), said on Monday it had launched an inquiry into PwC over its auditing of Tesco’s 2012, 2013 and 2014 accounts. Tesco said in September that it had overstated first-half profits by 250 million pounds due to incorrectly booking payments from suppliers — a figure later raised…

GrizzlyRock Value Partners returned 30 percent in the fourth quarter; Here are their favorite stocks

GrizzlyGrizzlyRock Value Partners returned 30.31% net for the fourth quarter, bringing its full-year return to 7.57% net. During the fourth quarter, longs added 42.8%, while shorts detracted 10.3%. Q4 2020 hedge fund letters, conferences and more In his annual letter to investors, which was reviewed by ValueWalk, managing partner Kyle Mowery noted that 2020 was Read More


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