PGC blames auditors for delayed annual report two years running

Wed, 30 Sep 2015

By Suze Metherell Sept. 30 (BusinessDesk) - Pyne Gould Corp, which restated its 2014 accounts to remove an anticipated gain on the sale of Perpetual Trust, has blamed a delay in releasing its annual report for the second year in a row on a change in auditors. The Guernsey-based firm was fined and censured by the NZ Markets Disciplinary Tribunal in January over the delayed release of its 2014 annual report, which had been tagged by auditor PwC, over the firm's inability to obtain sufficient information about PGC's investment in Torchlight...

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