Geneva (AFP) – FIFA said Saturday that it had appointed accounting giant PricewaterhouseCoopers (PwC) to conduct its audits, after KPMG ended their decade-long association with the scandal-hit world football governing body in June.
“The Bureau of the FIFA Council has appointed PwC Switzerland as the new statutory auditors of FIFA,” it said in a statement.
FIFA President Gianni Infantino welcomed the decision “as a further important step in the reform process underway at FIFA,” the statement said.
It described the move as “an example of how the organisation is restoring its financial control and management mechanisms to the fullest.”
The announcement came after the Swiss branch of KPMG terminated its auditing relationship with FIFA three months ago, after overseeing the auditing of its accounts since 1999, amid a cascade of scandals at the organisation.
FIFA have been battling to redeem their name ever since a raid on a Zurich hotel last year to arrest seven FIFA officials at the centre of a US investigation.
US prosecutors have started to judge those indicted, while the Swiss justice system is investigating the awarding of the 2018 World Cup to Russia and the 2022 edition to Qatar.
And FIFA’s ethics committee said earlier this month that disgraced former FIFA president Sepp Blatter, who has already been banned from football for six years, and his chief lieutenants were under fresh investigation over alleged illicit salaries and bonuses totalling $80 million (71mn euros)
FIFA stressed Saturday that the appointment of PwC was “the result of a thorough, transparent and open selection process conducted by FIFA with several different auditing companies.”
The appointment will initially be valid until the next FIFA Congress in May next year, the statement said.
“This Congress will decide on the appointment of FIFA’s statutory auditors for a full three-year period, as provided for by the FIFA Statutes,” it said.
200+ Channels With Sports & News
- Starting price: $33/mo. for fubo Latino Package
- Watch Premier League, World Cup, Euro 2024 & more
- Includes NBC, USA, FOX, ESPN, CBSSN & more
Live & On Demand TV Streaming
- Price: $35/mo. for Sling Blue
- Watch Premier League, World Cup & MLS
- Includes USA, NBC, FOX, FS1 + more
Many Sports & ESPN Originals
- Price: $6.99/mo. (or get ESPN+, Hulu & Disney+ for $13.99/mo.)
- Features Bundesliga, LaLiga, Championship, & more
- Also includes daily ESPN FC news & highlights show
2,000+ soccer games per year
- Price: $4.99/mo
- Features Champions League, Serie A, Europa League & NWSL
- Includes CBS, Star Trek & CBS Sports HQ
175 Premier League Games & PL TV
- Starting price: $4.99/mo. for Peacock Premium
- Watch 175 exclusive EPL games per season
- Includes Premier League TV channel plus movies, TV shows & more
- ‘Game-changer’ Bynoe-Gittens propels Dortmund to comeback win over Freiburg
- Osasuna stun Sevilla in Liga opener
- Ismaily strikes late to rescue Ligue 1 draw for Lille
- Barcelona finally register Lewandowski on eve of new season
- English teen Bynoe-Gittens propels Dortmund to 3-1 comeback win over Freiburg
- Willian leaves Corinthians following death threats
- Seven-time winner Messi misses out on Ballon d’Or nomination
- EPL commentators on NBC: August 13 to 15
- Rush from potential tenants for Cruyff’s boyhood home
- Tottenham boss Conte relishing heated Chelsea challenge