GETSWIFT LIMITED (ASX:GSW) - Ann: GSW - Continuation of Suspension Pending Announcement, page-61 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum

Originally posted by PreliminaryP ↑

I wanted to stay out of these threads. But some some of the response to PwC is bordering on the absurd.

As someone who has worked for a big 4 and knows how carefully they are engaged and what services they will provide, I can tell you with 100% certainty,
PWC will not
- comment on the underlying business
- comment on previous or future announcements
- audit or comment on any future looking statements. The bid 4 audit firms never, ever comment on claims of future revenue or events, they only audit historical information.

You will not see a single comment in the press or on a market release saying PWC have reviewed and are comfortable with anything relating to GSW. The only comment you will ever see is "PWC was engaged to assist GSW with the listing requirements of the ASX".

PWC was not engaged to help GSW. The ASX have told GSW that their first reply was so comical and unprepared that they needed to engage someone that knows what they are doing.

PWC will,
- Explain materiality
- Explain in detail the listing requirements
- Guide management in the adequacy of their responses.

If you seriously think this event gives GSW creditability in the market, you don't know the market very well.

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Interesting getting the perspective from someone who has worked within the big 4.

I agree they will not comment on GSW business but only suggest improvements in GSW's processes as they see fit.

Having engaged the Big4 quite often I know it is impossible to get them to commit to anything!! in fact most times I was left wondering why I engaged them at all!

I do however disagree that this wont restore some credibility to GSW in the market place.

Rightly or wrongly the Big4 has a "good" reputation in the market place. I believe the market will view it as positive that GSW has opened themselves up for PWC to take a look at.

It is certainly better than going backward and forward answering ASX questions and it can seen as GSW being proactive rather than reactive or combative to the ASX.

The ASX will also take some comfort from PWC being engaged, in case it all goes pair shape in the future the ASX will point and say we've only the stupid ASX if PWC couldn't fix them how the hell could we?

Just on the 4c

I am not expecting it will settle the argument, GSW has been saying the second half of 2018 will see the real ramp up.