Pioneer Credit is suing PwC Australia for almost $32 million in losses and damage, the latest chapter in a long-running dispute between the listed debt collector and its former auditor over the way its financial assets were valued.
Pioneer Credit, which buys impaired books of consumer credit, announced it was taking legal action in the Supreme Court of Western Australia ahead of its annual meeting on Tuesday.
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Edmund Tadros leads our coverage of the professional services sector. He is based in our Sydney newsroom. Connect with Edmund on Twitter. Email Edmund at edmundtadros@afr.com.au
