difficult to see how this could be construed as a positive step...

difficult to see how this could be construed as a positive step for GSW.

i'd see PWC's appointment as a result of either:
1. the board, valuing corporate governance and the desire to maintain high standards of continuous disclosure, appoint PWC as a respected independent expert to validate their disclosures and present a reputable and united front; or
2. the company (GC, CEO, exec chair, external lawyers) doesn't have the answers ASX needs -- or the answers they have would lead them further down the dark well -- so they appoint PWC in a final bid to justify their disclosure / lack of disclosure and save the company from ASX sanctions for breach of LR 3.1, or far worse, ASIC scrutiny for breach of s674.

either way, the next response will need to be a work of art to get them swiftly reinstated to trading. imo.