Business
PwC pledges to review fraud detection after Wirecard scandal – The Australian Financial Review
The audit profession has come under scrutiny following a series of accounting disgraces, capped by the collapse of the German payments processor.
Mass remote working and increased financial pressure on businesses have increased the risk of fraud during the crisis.
The comments from Mr Moritz came as PwC revealed on Tuesday that its global revenues grew by 1.4 per cent to $US43 billion ($59.8 billion) in the year to July, down from a 7 per cent increase in the previous financial year.
The firm said the numbers mask the impact of COVID-19 on its business. Its global revenues fell 6 per cent in the final quarter of its financial year as th…
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