Judge Determines that PricewaterhouseCoopers was Negligent in Colonial Bank Auditing Case – Constantine Cannon

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Case study 2 (Auditing practice) In Tuesday’s opinion, Judge Watkins rejected Crowe’s argument that it had no professional duty to Colonial because it was not the bank’s internal auditor but merely a provider of services, calling.

Judge Determines that PricewaterhouseCoopers was Negligent in Colonial Bank Auditing Case – Constantine Cannon In Tuesday’s opinion, Judge Watkins rejected Crowe’s argument that it had no professional duty to Colonial because it was not the bank’s internal auditor but merely a provider of services, calling.

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Judge Determines that PricewaterhouseCoopers was Negligent in Colonial Bank Auditing Case – Constantine Cannon Late last week, a federal judge determined that accounting giant PricewaterhouseCoopers (PwC) was negligent in its auditing of Colonial Bank, the Alabama institution that failed in 2009 in the midst of the financial crisis.

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l.l Prior to August 14, 2009, Colonial Bank (the ”Bank") was a state, nonmember depository institution organized and existing under the laws of the State of Alabama. l.2 On August 14, 2009, the Bank was dosed by the Alabama State Department of

An Alabama federal judge Friday rejected an effort by PwC and another auditor to hold the Federal Depository Insurance Corp. to account for a group of Colonial Bank employees whose long-running.

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