Why have they not sacked PWC as their auditor? Are they wanting to be high risk and invite tax audits from the revenue authorities?
Will the Australian corporate regulator take more of a look and the banking regulator, APRA conduct an investigation let alone the taxation office?
Leaving PWC as an auditor of them when PWC is engulfed in the largest tax scandal in Australian history is IMHO a weak point of the Board and means Peter King and this Board need to be replaced.
When did the Board wake up or is that a silly question? paedophile banking scandal like the AUSTRAC penalty that impacted Westpac and now this PWC as auditor scandal?
Not good, is it?
High risk?
Westpac's $1,000,000,000 AUSTRAC Settlement?, page-178
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