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FIFA appoints PricewaterhouseCoopers as new auditors

220px-pricewaterhousecoopers_logo-svgAFP From Times of India

GENEVA: FIFA said Saturday that it had appointed accounting giant PricewaterhouseCoopers (PwC) to conduct its audits, after KPMG ended their decade-long association with the scandal-hit world football governing body in June.

“The Bureau of the FIFA Council has appointed PwC Switzerland as the new statutory auditors of FIFA,” it said in a statement.

FIFA President Gianni Infantino welcomed the decision “as a further important step in the reform process underway at FIFA,” the statement said.

It described the move as “an example of how the organisation is restoring its financial control and management mechanisms to the fullest.”

The announcement came after the Swiss branch of KPMG terminated its auditing relationship with FIFA three months ago, after overseeing the auditing of its accounts since 1999, amid a cascade of scandals at the organisation.

FIFA have been battling to redeem their name ever since a raid on a Zurich hotel last year to arrest seven FIFA officials at the centre of a US investigation.

US prosecutors have started to judge those indicted, while the Swiss justice system is investigating the awarding of the 2018 World Cup to Russia and the 2022 edition to Qatar.

For more on this story go to: http://timesofindia.indiatimes.com/sports/football/top-stories/FIFA-appoints-PricewaterhouseCoopers-as-new-auditors/articleshow/54387583.cms

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