<P> BT Group (British Telecom), a client of PwC, reported in 2017 that profits in its Italian subsidiary had been over-stated by £ 530 million . BT reportedly sought the immediate replacement of PwC as auditors following a breakdown of trust, but had existing commercial relationships with the other Big 4 firms which would have prevented their early appointment . BT subsequently stated that its audit would be put out to tender to identify a replacement for PwC . The Financial Reporting Council has begun an investigation of PwC's audit of BT . </P> <P> PwC Spain is being investigated by the Spanish National Court as part of the Lezo Case for participating in and profiting from the embezzlement of public funds to illegally finance the People's Party (PP) political party in the Community of Madrid . </P> <P> PwC Ukraine had its audit license removed by the National Bank of Ukraine in July 2017 for its alleged "verification of misrepresented financial information" leading to a $5.5 billion balance - sheet hole in PrivatBank . The government of Ukraine had had to rescue PrivatBank by nationalisation in 2016 to protect its 20 million customers . </P> <Ul> <Li> PwC, along with PA Consulting Group, Deloitte and KPMG were the only four consultancy firms in the UK to be named among the 25 best companies to work for in 2017 . </Li> <Li> PwC was ranked #9 by Consulting Magazine in the 2016 Best Firms to Work for ranking published in their September 2016 edition . </Li> <Li> Brand Finance ranked PwC among the world's 500 most valuable brands in 2017 . </Li> <Li> The company was recognized by The European Diversity Awards as the' Most Inclusive Employer of the Year' in 2015 . </Li> <Li> PwC's Public Sector practice was awarded the Malcolm Baldrige National Quality Award in 2014 . </Li> <Li> PwC received the full five stars on the BITC Corporate Responsibility Index for several years, and achieved it again in 2016 with a score of 99% . They were one of only four professional services companies to do so . </Li> <Li> The Vault accounting firm rankings placed PwC 1st in Accounting 50; 1st in Prestige; and 1st in Overall Diversity . </Li> <Li> Gartner recognized PwC with a Top Rating for Financial Consulting . </Li> </Ul>

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