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Audit firms limit claims with new legal structures

PwC Regional Senior Partner Peter Ngahu (left) and George Weru, Advisory Partner, during the launch of PwC Africa Business Agenda 2019 in Nairobi on September 17, 2019. FILE PHOTO | NMG

By  Victor Juma

Business Editor

Nation Media Group

More accounting firms are changing from partnerships to limited liability partnerships to protect their executives from claims that cannot be covered by the businesses.

PricewaterhouseCoopers (PwC) is the latest to change its structure, joining others like RSM Eastern Africa which made a similar decision last year.

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