British retailer WH Smith’s board has advised shareholders to retain PwC as its auditor, even after the accounting firm failed to uncover a misstatement of profits in the company’s North American division, reported the Times. The issue, which came to light in August, resulted in a substantial decline in WH Smith’s market value and has attracted regulatory scrutiny. The Financial Conduct Authority began investigating the retailer after it was revealed that profits had been overstated for several years. ...