No approval for TPG’s figures
Auditor PricewaterhouseCoopers (PwC) has refused to endorse the 2003 annual report of TNT Post Group (TPG) because the company has been unable to reach an agreement with the British taxman on an outstanding claim. According to TPG’s CEO Peter Bakker, the investigation into the claim, which dates back to the late nineties and could cost the company up to Eur40m, could take another few weeks. The omission came to light when PwC was compiling data for US financial watchdog SEC.
