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Frank Field demands Philip Green “prove” he thought BHS was in health when he sold it

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Sir Philip Green has been asked by a parliamentary committee to “prove” why he thought BHS was in secure financial health before he sold it, following a damning report into its audit. Yesterday the Financial Reporting Council (FRC) released a report slamming the financial firm PwC for its handling of BHS’s audit and accounts before its public collapse, which saw it fine the company £10 million in June. PwC’s audit of BHS before it was sold to Dominic Chappell for £1, then part of Green’s larger holding company Taveta, said it was a “going concern”

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Frank Field demands Philip Green “prove” he thought BHS was in health when he sold it

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