New York court orders Exxon, PwC to comply with NY AG subpoena
Reuters
Published Oct 26, 2016 04:54PM ET
New York court orders Exxon, PwC to comply with NY AG subpoena
(Reuters) - The New York Supreme Court ordered Exxon Mobil Corp (N:XOM) and PwC to comply with a subpoena issued by the New York Attorney General in August related to PwC's auditing of the oil company.
Attorney General Eric Schneiderman's office moved the court on Oct. 14 to compel PwC to hand over certain documents after Exxon said it would not permit the auditor to do so. (http://on.ny.gov/2f8lvzA) (http://on.ny.gov/2f8iXBE)
Schneiderman's office is investigating Exxon Mobil's accounting practices and why the oil major hadn't written down the value of its assets in the wake of a slump in oil prices, Reuters reported earlier.
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Written By: Reuters
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