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Xero paid engineer less than male colleagues for taking parental leave: suit
Employment 2024-10-30 11:57 pm By Christine Caulfield

Accounting software company Xero allegedly told a female engineer her salary was lower than male colleagues because her skillset had diminished on parental leave.

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KPMG, Phoslock hit with shareholder class action
Class Actions 2024-10-14 11:06 pm By Christine Caulfield

Water treatment company Phoslock and auditor KPMG face a shareholder class action, but not by the law firm that secured documents for a potential case.

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Ex-EY partner accused of taking $700K in secret commissions won’t ‘show hand’
Tax 2024-10-04 3:30 pm By Cindy Cameronne

A former EY partner accused of pocketing $700,000 in secret commissions as part of a tax loss scheme has invoked privilege against exposure to penalty in a client’s suit.

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Liquidators settle with Grant Thornton, Moore Stephens over Linchpin audits
Accounting 2024-09-30 11:40 pm By Christine Caulfield

Linchpin Capital liquidators have resolved their case against Grant Thornton and Moore Stephens, a year after a court found the evidence on its face established a claim against the auditors.

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Phoslock, KPMG to turn over info for possible shareholder class action
Class Actions 2024-09-23 11:51 pm By Cat Fredenburgh

Water treatment company Phoslock and auditor KPMG and have agreed to produce documents for a possible shareholder class action, but a privilege fight may still be on the cards.

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PwC partner resolves suit over alleged $3.3M fraud scheme
Employment 2024-08-26 11:52 pm By Christine Caulfield

A PricewaterhouseCoopers partner has reached a settlement in a case alleging she was involved in a $3.3 million scheme to defraud her husband’s employer.

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Webb Henderson, former top judge to help PwC right its ship after tax leaks scandal
Accounting 2024-08-01 11:22 pm By Cat Fredenburgh

In a first for a Big Four firm, PwC has made good on its promise to appoint an independent chair to its board and has tasked law firm Webb Henderson and former top judge with tracking its progress on other commitments made in the wake of its tax leaks scandal.

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KPMG shuts down legal services division, makes 30 jobs redundant
Business of Law 2024-07-16 2:14 pm By Cindy Cameronne

Citing a wish to focus on tax, KPMG Australia will restructure its business and shut down its separate commercial law practice, making around 30 roles redundant.

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PwC to pay $8.25M to settle class action over bond prospectus
Class Actions 2024-07-03 11:30 pm By Cat Fredenburgh

PricewaterhouseCoopers has agreed to pay $8.25 million to settle a class action on behalf of Axsesstoday bondholders over an allegedly misleading bond prospectus, bringing the settlement total to $9.5 million after a group of insurers agreed to pay $1 million to settle the class action’s claims.

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Report calls for stricter oversight of consulting firms in wake of PwC tax scandal
Policy and Regulation 2024-06-12 11:40 pm By Cat Fredenburgh

A Senate report into the government’s use of consultants, launched in the wake of PwC’s leak of confidential Treasury information, has recommended an inquiry into whether partnerships should be subject to the same regulations as corporations and again called on PwC to release the names of all those involved in the leak of confidential government information.

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