PwC under growing scrutiny as scandal engulfs Isabel dos Santos
Critics says PwC’s work for Angola’s state oil firm raises conflict of interest concerns
PwC, the global accounting firm battling to distance itself from a financial scandal engulfing Africa’s richest woman, Isabel dos Santos, was auditing the books of Angola’s state oil company during a period that is now under criminal investigation.
Critics says PwC’s work for Sonangol, the government-owned oil group that underpins Angola’s economy, raises conflict of interest concerns because the firm appears to have been retained to check the company’s accounts while at the same time collecting fees to advise on a major restructure.