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PricewaterhouseCoopers “now believes that information and representations which was provided to PwC by Yukos’ former management may not have been accurate.” Siberian Light comments: “If some of the biggest, and supposedly best auditors in the world can be so easily deceived, then there is absolutely no reason why anyone should trust their audits of any other big Russian firm.” A Fistful of Euros has more on this.

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