Professional services giant Deloitte stands accused of double-dealing by angry Honda car dealers.
Dealers say it used confidential information gleaned from auditing their franchises.
Deloitte does tax accounting and auditing for hundreds of car dealers, while also doing work for their parent comapnies.
Professional services giant Deloitte stands accused of double-dealing by angry Honda car dealers, who say it used confidential information gleaned from auditing their franchises to help the Japanese carmaker reduce payments to them following a major restructure to online car sales.
The dealers are suing Honda Australia for damages related to the abrupt termination of their long-term agreements, but are also putting the ethics of auditing firms back under the microscope. The consulting sector is still reeling from the PwC scandal, where its partners used confidential Treasury information to help global technology clients avoid tax obligations.
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Jessica Sier is the North Asia Correspondent for The Australian Financial Review. She is based in Tokyo, Japan. Jessica has previously written on technology, global capital markets and economics. Connect with Jessica on Twitter. Email Jessica at jessica.sier@afr.com
