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PwC faces legal action over audit of classic car dealer

Administrators Alvarez & Marsal claim the Big Four firm failed to spot that the true state of the business was being covered up, according to reports

In a claim in London’s High Court, Alvarez & Marsal accused PwC of not auditing JD Classics’ 2016 and 2017 accounts correctly
In a claim in London’s High Court, Alvarez & Marsal accused PwC of not auditing JD Classics’ 2016 and 2017 accounts correctly Photo: Leon Neal/Getty Images

Administrators Alvarez & Marsal are launching legal action against auditors PwC, alleging that the firm failed to spot fraud at now collapsed racing car dealership JD Classics. 

In a claim in London’s High Court, the boutique restructuring firm accused PwC of not auditing the car dealership’s 2016 and 2017 accounts correctly.

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