BY KUNLE SOLAJA.
Just as the world await the formula that will be applied to decide the additional eight teams to make up for the expanded Africa Cup of Nations finals to be hosted by Cameroon in 2019 as well as ratification of the hosting rights, a setback was on Friday recorded.
The Confederation of African Football (CAF) announced that its scheduled inspection of facilities at the designated host country has been postponed. The inspection was originally to hold in September was brought forward to begin this Sunday and runs through to Monday August 28.
But CAF announced on Friday it is postponing the inspection to a later date following the withdrawal of audit firm,
Following the withdrawal of audit firm, PricewaterhouseCoopers (PwC), on Friday. The continental body stated that he Cameroonian side has been notified accordingly
The audit firm, PricewaterhouseCoopers is a multinational professional services network headquartered in London, United Kingdom. It is the second largest professional services firm in the world, and is one of the Big Four auditors, along with Deloitte, EY and KPMG.
Information Sports Village Square gleaned from London revealed that PwC was fined R87.62m for misconduct over its audit of a certain RSM Tenon Group in the largest-ever sanction issued by the UK accounting regulator.
The Financial Reporting Council (FRC) announced the fine on Wednesday, along with penalties against PwC’s senior audit partner, Nicholas Boden. The misconduct relates to an audit of RSM’s accounts for the year ended June 2011.
The sanction in UK might have informed the withdrawal of PwC from the inspection of facilities in Cameroon. The designated hosts of the 2019 Africa Cup of Nations had been nursing the fears that CAF wanted to revoke the hosting rights that were made under the previous administration.