PwC

Financial services provider Pioneer Credit has taken auditor PwC to court, claiming $32 million in loss and damages over its advice on how the company should value its financial assets.

PricewaterhouseCoopers’ former head of international tax Peter-John Collins has been banned by the corporate regulator from providing financial services for eight years.

A PricewaterhouseCoopers partner may launch defamation proceedings against the professional services firm over two press releases which he says falsely linked him to a tax leaks scandal in an attempt to “offer scapegoats” to the public. 

A PricewaterhouseCoopers partner has won his lawsuit against the professional services firm over his forced dismissal, with a judge finding the decision breached a partnership agreement and that the firm had acknowledged the partner did not misuse confidential ATO information.

A PricewaterhouseCoopers partner who is suing the accounting firm for giving him the boot over a tax leaks scandal has won an interim injunction restraining the board of partners from forcing him to leave before his case is heard.

Senior EY partners have condemned PwC and attempted to distance the firm from the scandal that has rocked the industry, but its cleanskin claims were met with scepticism by senators, who questioned the failure to provide EY’s partnership deed and remuneration details.

A judge overseeing a $192.5 million settlement in an oil spill class action against PTTEP Australia on behalf of Indonesian seaweed farmers has balked at the “very large” costs sought by Maurice Blackburn for administering the deal, expressing concerns that class action costs are “getting out of control”.

A former PricewaterhouseCoopers client who is suing the accounting firm over the $88 million sale of wholesale food company Hudson Pacific to Retail Food Group in 2016 has agreed to keep a Melbourne property off the market, but the company has not ruled out a bid for security for costs.

A report alleging that the ATO asked the Tax Practitioner Board to curtail its investigation of a PwC tax leaks scandal was “fundamentally misleading”, a senior tax official has said.

Executives from KPMG have condemned the PwC tax breach scandal as ‘disturbing’ and admitted past mistakes after the firm was rocked by an exam cheating scandal.