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Reliance Capital calls auditor's observations 'baseless and unjustified'
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Reliance Capital calls auditor's observations 'baseless and unjustified'
Reliance Capital Ltd said on Thursday the observations of PricewaterhouseCoopers (PwC) about its fiscal accounts were 'completely baseless and unjustified', a day after the auditor withdrew from assessing the shadow bank's fiscal year 2018/19 accounts. In a letter to Reliance Capital, PwC said it felt compelled to withdraw from the audit of the company's fiscal year 2018/19 accounts after not receiving 'satisfactory response' to its queries on certain observations in its assessment, Reliance Capital said in a statement on Wednesday.
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