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credit suisse crisis exposes failures in auditing and regulatory oversight

Credit Suisse's auditing history reveals significant failures, with KPMG and PwC certifying the bank's internal control system despite its eventual collapse. Under pressure from the SEC, PwC acknowledged the system's dysfunction in March 2023, raising questions about the oversight and competence of regulatory bodies. The lack of enforcement actions against the auditors from 2015 to 2023 highlights systemic issues in financial supervision.
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Swiss Franc GBR CHE USA Marc Branson Ueli Maurer Show more
Finance & Economy, News Article
18:27 26.02.2025
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