' If and it is an unlikely 'if' PNC suffered commercial damage they have a right to seek recompense...pure and simple. '
That's one of the most ridiculous statements I've seen on HC!
No company will ever be able to claim commercial damage from a change of accounting standards, pure fantasy.
You've also been saying all along that the methodology makes no difference to the operational side of the business, it's just timing.
Your suggestion doesn’t even stack up with your own argument.
Of course it makes sense to get an opinion from KPMG, if they support & sign off on MV the problem is solved. PNC change auditors & ASIC is happy that the accounts comply.
Counsel's opinion, page-12
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