Financial Reporting Council mulls PwC investigation over WHSmith

The Financial Reporting Council (FRC), the UK accounting regulator, is considering formally investigating PwC’s auditing of travel retailer WHSmith.
WHSmith said on Wednesday that an independent review by accounting firm Deloitte revealed its sales had been overstated, with the mistakes made over several years, the Financial Times reported.
After the retailer revealed it had found accounting errors in its US arm in August, PwC flagged WHSmith’s statement to the FRC under its standard