Regulator to investigate accountants over BHS and HBOS failures

PwC audit of high street chain and KPMG audit of bank’s 2007 accounts are scrutinised by Financial Reporting CouncilThe regulator that monitors UK financial reporting is to investigate two of the big four accountancy firms over their role in the failures of the retailer BHS and the banking group HBOS.The Financial Reporting Council, responsible for overseeing UK accounting standards, began an investigation into PricewaterhouseCoopers over its audit of the collapsed high street chain BHS wh