PwC partners failed to identify threats to independence in Wynyard audit

PwC partners failed to identify threats to independence in Wynyard audit
(Image: PwC)
Riley Kennedy
The accountants’ watchdog has found PricewaterhouseCoopers (PwC) partners auditing Wynyard Group failed to identify threats to its independence when another part of the firm was already engaged with the company.Formerly listed on the NZX, the crime-fighting software company, was put into liquidation in February 2017.The Christchurch-based company went into voluntary administration in October 2016 after failing to secure emergency funds to keep it going from UK lender Skipton Building Society.The concernsThe Financial Markets Authority (FM...

More Finance

JPMorgan is revamping Its bank for the superrich
Finance

JPMorgan is revamping Its bank for the superrich

There is a minimum required balance of US$10 million. 

Port of Auckland to pay $45m special dividend to council
Finance

Port of Auckland to pay $45m special dividend to council

The divestment proceeds will be used to top up the Auckland Future Fund.

Oliver Lewis 27 Jun 2025
$600m in tourist spend at risk from regulation: Mastercard
Finance

$600m in tourist spend at risk from regulation: Mastercard

When Europe cut interchange fees, foreign card decline rates soared.

Pattrick Smellie 27 Jun 2025