As part of a global multidisciplinary network, we provide holistic integrated legal solutions that include strategy, consulting, human resources and organizational design, transaction and transaction services, tax, data analytics, forensics and accounting. We provide each client with industry-focused legal solutions tailored to their business needs. We are here to help our clients solve complex problems, not just the legal aspects of those problems. For every problem your business faces, we bring together the right mix of PwC lawyers, consultants, negotiation advisors, financial advisors, accountants, strategists and engineers to help you develop a solution as efficiently as possible. We are also part of Landwell, an international network of law firms with more than 1,800 lawyers in more than 44 countries – the fourth largest law firm in the world. We are a new model of legal advice with a new approach to the business of law. We believe in going to our customers. Get to know each other. Get an idea of their business.
Understand your industry. In today`s fast-paced world, it`s more important than ever to have a legal advisor who understands all aspects of your business. A legal advisor to help you move forward efficiently and decisively, see today`s challenges from a broader business perspective and discover tomorrow`s opportunities. The New South Wales Supreme Court has dismissed a $43 million professional negligence lawsuit against Australia`s largest accountant, PwC, by failing education provider Cornerstone, but the collapsed company is allowed to make an improved claim as legal actions against major accounting firms continue to pile up. PwC faces several legal challenges. Louie Douvis This gives us a unique perspective so we can provide legal advice in the context of what works for her and her business. We work with our colleagues at PricewaterhouseCoopers to provide comprehensive advice and solutions to our clients` complex business problems. We bring unparalleled resources to your business with offices in Sydney, Melbourne, Canberra and Vietnam. Our location means we are strategically positioned to provide legal services through our network in Asia Pacific. This gives you access to a team that can address all aspects of the problem and lead to better outcomes for your business.
Follow the topics, people, and companies that are important to you. Digital Pulse shares the expertise of PwC consultants and broader industry networks to provide thought leaders and actionable insights to support your digital journey. Whatever your business project, we have the right people with the right expertise to meet your business needs. PwC`s contract with the company covered the provision of audit, accounting and tax advice, as well as commercial and strategic advisory activities. EY accused Pitcher Partners of engaging in deceptive and fraudulent conduct and negligence in its audit work for Slater & Gordon in 2015 after the big four companies were involved in the case, but Pitcher told the court he only approved the audit because of allegedly misinformation from EY in its work on Slaters` UK operations. The lawsuits are based on a growing trend among investors to focus their litigation efforts on advisors to failing companies, such as their accountants or lawyers, rather than bankrupt companies. PwC is also fighting another lawsuit in the same court in which Chinese lender Aoyin claims it wasted $5 million trying to set up a locally registered bank in Australia because the company had been misadvised. PwC criticised the case as inaccurate and successfully requested that it be deleted. She said she had given advice on the impact of explaining the dividend rather than allowing its payment in the first place. Cornerstone alleged that PwC failed to comply with Australian accounting and auditing standards in valuing the company and breached the Corporations Act and its contract with the company.
The hearing is expected to last until Christmas, when a parallel proceeding by the same Slater & Gordon investors against the law firm Arnold Block Leibler enters the settlement phase. She is also fighting in Federal Court for her audit work for the collapsed loan company Axsesstoday, which, as in the Cornerstone case, allegedly failed to adequately comply with accounting standards. While technical excellence is at the heart of everything we do, the global breadth of our business and market knowledge sets us apart from traditional law firms to provide integrated service to our clients. This would have contributed to Pitchers overstating the value of Quindell and its goodwill in its audit of Slaters in Australia in 2015. Several weeks of hearings in a long-standing class action lawsuit filed by Slater & Gordon investors against Pitcher Partners and EY also began last week. Accounting firms are resisting their previous tactic of blaming companies themselves by chasing each other. We are committed to excellence in everything we do. We choose smart people to work with us. People who love what they do, people who want to work with us in the spirit of PricewaterhouseCoopers Legal.
We are a young company backed by a global brand. This gives us a fresh perspective on the affairs of law, but also on the power of the greatest force in professional services. PwC had backed its former director Jin Heung Yang in exaggerating his income so that he could receive a dividend of more than $30 million as Cornerstone`s sole shareholder. Aussie Mine is PwC`s annual analysis of Australia`s mid-tier mining sector, represented by the Mid-Tier 50 (MT50) – the largest ASX mining companies outside the ASX50. The Cornerstone case also follows PwC and other respondents who reached a $50 million settlement in August with investors in another collapsed private education provider, Vocation, after alleging they failed to audit the deal with reasonable care and expertise. Our customers come to us from all industries. Financial services, information technology, communications, entertainment, energy, mining, consumer goods, industry and government. However, EY stated that under Australian auditing standards and the Corporations Act, Pitcher Partners is required to obtain reasonable assurance that Slaters` financial report is free from material misstatement. PwC also settled a case in the New South Wales District Court last week over its alleged lack of work for media company Broadcast Operations, while rival firms EY and Pitcher Partners face a case in federal court for their audits of plaintiff law firm Slater & Gordon before their near-collapse in 2015. Cornerstone acknowledged last week that its case was flawed when PwC`s application was granted, but the New South Wales Supreme Court gave it a second chance to improve the application. It will file an amended brief by December 10. The bankrupt company said this meant it could not collect a debt owed by Mr.
Yang of the same amount, forcing him to pay millions of dollars in income tax unfairly. Whether it`s predicting the impact of regulatory, economic and political changes on your business or understanding how to future-proof your strategy, we combine your challenges with the right legal and PwC expertise. This gives you access to a team that can address all aspects of the problem and lead to better outcomes for your business.