The selection process to find the new auditor for Ireland's biggest bank should be completed by the end of May.
Although it is understood that PWC will not be included in the tender process, AIB have confirmed that the auditor was not responsible for the failure of its risk management systems that led to Rusnak's loss-making 'rogue' trading activities over several years.
Scandal-Hit Bank Drops Auditor
Allied Irish Banks (AIB), recently hit by the John Rusnak $691m FX trading scandal, has now dropped PricewaterhouseCoopers (PWC) as external auditor and put its audit work out to tender.
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