Petrobras Probes Said to Delay PwC Audit Until Next Year
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Petroleo Brasileiro SA’s auditor is waiting for results of internal probes into corruption allegations before deciding whether to approve quarterly results, two people with knowledge of the matter said.
Investigations by independent law firms Trench, Rossi & Watanabe and Gibson, Dunn & Crutcher LLP probably will extend into 2015 and PricewaterhouseCoopers LLP will need additional time to audit the results, the people said, asking not to be named because details of the matter are private.