PwC stepping down as auditor of Boohoo amid governance concerns

A review of the fast fashion retailer’s practices accused it of ‘weak corporate governance’

PricewaterhouseCoopers is stepping down as auditor of Boohoo’s financial accounts as the fast fashion firm faces scrutiny over malpractice in its supply chain. According to the FT, PwC resigned its role, held since 2014, over concerns about governance at Boohoo.

However, a Boohoo spokesperson said: “PwC has not resigned as auditor to Boohoo, but a process has recently commenced to tender for a new provider of audit services.”

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Source: theguardian
PwC stepping down as auditor of Boohoo amid governance concerns