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COOPERS IN AUDIT COMPLAINT

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An accountancy watchdog, the Accountants Joint Disciplinary Scheme, has made an official complaint against Coopers ...
An accountancy watchdog, the Accountants Joint Disciplinary Scheme, has made an official complaint against Coopers and Lybrand - now part of PricewaterhouseCoopers - for its role as auditor of two parts of the collapsed merchant bank, Barings.

The Scotsman (Business, p24) reports that Chris Dickson, the executive counsel to AJDS, said he was making complaints against Coopers and Lybrand and two of its partners, Gareth Davies and Andrew Turner.

Dickson said the complaints, which would be heard next year, concerned the audits of the accounts of Barings Securities and Barings Securities (London) for the year ended December 1993 and the same audits for the next year.

Barings collapsed under losses totalling£1.4bn in 1995.
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