UPDATE: OPI Finance receiver lashes Crowe Horwath over OPI settlement details

Thu, 18 Sep 2014

(Recasts with PwC comment) By Paul McBeth Sept. 18 (BusinessDesk) - Accounting firm PwC has taken the rare step of chastising another member of its own industry, ASX-listed Crowe Horwath, for understating by half the value of a settlement reached over the auditing of OPI Finance in the failed finance company's receivership and breaking a confidentiality agreement on the deal. PwC, receivers for OPI Finance, said the settlement with Crowe Horwath was for $12.5 million, not the $6.25 million the firm claimed in a statement to the ASX yes...

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