Pacific Andes ditches PwC in independent forensic review

Pacific Andes International Holdings (PAIH) is removing PricewaterhouseCoopers (PwC) as the independent accounting firm chosen to conduct an forensic review in relation to the financial aspects of the group.

Instead PAIH will appoint RSM Corporate Advisory (Hong Kong) Limited to complete the job.

The forensic review commenced on March 17 and has not yet been completed.

"The work of PwC has been subject to suspension while the independent review committee (IRC) and the company have been reviewing the projected cost and progress of the forensic review with a view to accelerating its completion, while keeping the cost within an acceptable budget," said PAIH in a statment.

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