Ex-OPI Finance auditor at odds with receiver over settlement

Mon, 22 Sep 2014

By Paul McBeth Sept. 23 (BusinessDesk) - Investors in OPI Pacific Finance are still in the dark over the value of a potential deal with the failed lender's former auditor after ASX-listed Crowe Horwath rejected the OPI receiver's version of the settlement. Last week, Crowe Horwath, which became liable for the settlement through its acquisition of Lower Hutt-based accounting firm Sherwin Chan & Walshe, said it had reached a deal with OPI receiver Colin McCloy of PwC on commercial terms, which would cost it $6.25 million. It was later rebuk...

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