Accounting

Shareholders in a class action against failed steel giant Arrium and KPMG have lost their bid for KPMG's complete audit file for Arrium to probe the Big Four accounting firm's handling of the steel producer's financial statements before its collapse in April 2016.

Grant Thornton can't dodge a “significant” counterclaim accusing the accounting firm of charging for “unnecessary and pointless" work in a case against a former client over $119,000 in unpaid fees.

Accounting giant KPMG is seeking the dismissal of a lawsuit brought by a former long-serving employee over “unnecessarily aggressive, belittling and disproportionate” emails allegedly attacking his professional integrity.

National Australia Bank and HSBC should be "jointly and severally liable" to pay a portion of the costs of a failed case brought by Dick Smith's receivers against the company's former directors because the banks stood to gain financially if the lawsuit was successful, the NSW Supreme Court has heard.

Accounting giant Deloitte has lost its bid to throw out a former client's lawsuit alleging negligence and fraud over a failed interposition under tax law that occurred more than 16 years ago.

KPMG has been hit with a lawsuit by a principal director who claims he was told to "change and adjust" to "belittling and disproportionate attacks" by a partner on the debt advisory team.

Professional services giant PricewaterhouseCoopers has hit back at a class action over a $50 million prospectus for Axsesstoday, filing a cross-claim against the asset finance lender and saying it “takes no responsibility” for allegedly defective offer documents.

Former Slater & Gordon managing director Andrew Grech has told the Federal Court he regretted his "catastrophic error" in approving the $1.2 billion acquisition of Quindell's professional services division, which resulted in massive losses for the plaintiffs law firm.

Law firm Arnold Bloch Leibler will part with $28 million in its settlement with Slater & Gordon shareholders over advice ahead of the plaintiffs firm's disastrous $1.2 billion Quindell acquisition.

Accounting firm PricewaterhouseCoopers is facing claims of professional negligence by insolvent tertiary education provider Cornerstone for allegedly assisting the company's former director in overstating the company's revenue and unlawfully extinguishing his debt.