PwC has resigned as auditor for software vendor Xero.
The resignation, effective on Friday, removes a conflict of interest and now allows the giant accounting firm to recommend Xero's accounting software to its other customers.
PwC will continue to provide "accounting and advisory services" for the Kiwi software vendor.
"The resignation of PwC as external auditor of Xero and its subsidiaries will enable PwC to recommend Xero’s offerings to private businesses," said Xero chief executive Rod Drury.
Drury said that Ernst and Young was appointed as the new auditor for Xero, while adding that the PwC relationship went back to the early days of his company.
"PwC has been Xero's external auditor for over eight years, appointed soon after Xero's listing on the NZX in 2007," said Xero chief executive Rod Drury. "Xero sincerely thanks PwC for their expertise during [those] early years."
While the IT channel is now allowed to add services on top of Xero's offerings, software resale rights remain the domain of accountants.
Xero's small business accounting software now has "half a million subscribers worldwide", according to Drury. In August, the Australian user count hit the 250,000 mark.
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