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Pricewaterhouse Coopers: "This is an inflated and misguided claim and we will vigorously defend our work"

Business quote of the day.

New Statesman
Photograph: Getty Images

"This is an inflated and misguided claim and we will vigorously defend our work"
Big Four firm Pricewaterhouse Coopers fights back against claims it did not properly audit the accounts of troubled sub-prime lender Cattles, resulting in an £850m accounting black hole.