The Canadian arm of PwC — one of the world’s largest accounting and consulting firms — has agreed to pay regulators more than $1 million after 1,200 employees were caught sharing or receiving answers for internal training tests.
The total includes a $750,000 fine levied by the U.S. Public Company Accounting Oversight Board , as well as $200,000 PwC Canada was ordered to pay by the Canadian Public Accountability Board .
The answer-sharing went on from 2016 to 2020, before it was discovered by PwC, which then reported it to regulators. In late February, CPAB and CAOB each released the results of their own investigations, including the settlements with PwC. “We expect more from everybody in our firm. All of us must consistently live our values and purpose for PwC Canada to be recognized as having the best people in professional services delivering the highest quality work,” said Marcoux. “We value the trust that our clients and community put in us, and we remain committed to ensuring that we continue to earn this trust every single day.”
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Canada commits $100-million to UN aid for Ukrainians fleeing Russian attackDefence Minister Harjit Sajjan made the announcement during a virtual address at the UN Tuesday
Read more »
Testing life coaches; Banking has a racism problem: CBC's Marketplace cheat sheet | CBC NewsThe life coaching industry should be regulated, as psychologists and doctors are, expert says.
Read more »
Canada will send Ukraine anti-tank weapons, upgraded ammo: Trudeau - National | Globalnews.caCanada previously sent $7.8 million worth of lethal aid to Ukraine amid the democracy's resistance against a bloody Russian invasion.
Read more »
Canada's new travel rules explained | CBC NewsCanada is easing several travel measures for people entering the country. But some rules remain, including the pre-arrival COVID-19 test requirement, which means returning home from abroad can still be complicated and costly.
Read more »
Nearly 4,000 Ukrainian immigration applicants approved to come to Canada: ministerNearly 4,000 Ukrainians have been approved to immigrate to Canada since conflict with Russia began, Canada's immigration minister said Monday.
Read more »