PwC allegedly ignored risks at travel firm

Original article by Edmund Tadros,{SPACE]Ayesha de Kretser
The Australian Financial Review – Page: 14 : 28-May-26

A PwC spokeswoman has confirmed that it has engaged law firm Webb Henderson to investigate its auditing work. It follows an allegation by an internal whistleblower that its auditors ignored ‘red flags’ in the accounts of Corporate Travel Management. Shares in Corporate Travel have not traded since last August when auditors at Deloitte Australia, who took over from PwC at the end of 2024, identified problems with Corporate Travel’s accounts, while Corporate Travel CEO Jamie Pherous announced in February that he would be leaving the firm after it admitted to overcharging the United Kingdom government for travel services.

CORPORATES
PRICEWATERHOUSECOOPERS,{SPACE]WEBB HENDERSON TTP,{SPACE]CORPORATE TRAVEL MANAGEMENT LIMITED – ASX CTD,{SPACE]DELOITTE TOUCHE TOHMATSU LIMITED

AUDITING – AUSTRALIA]

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