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Censure and costs for former Fonterra auditors from PwC four years after complaint

Summary by Ground News
Auditors' professional institute said Fonterra case was complex and the decision "robust" Colin Armer complained to the Financial Markets Authority (FMA) in 2019. He claimed inconsistent valuation methods and questioning the timing of the writedowns by the co-operative. PwC surrendered the contract in 2019 after pressure from shareholders.

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NZ HeraldNZ Herald
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Censure and costs for former Fonterra auditors from PwC four years after complaint

Complaint inherited from FMA concerned auditing of NZ's biggest business.

·Auckland, New Zealand
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NZ Herald broke the news in Auckland, New Zealand on Thursday, August 31, 2023.
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