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The Latest Breaking News from Kevin Burrowes

Afternoon Update: Reynolds-Higgins defamation case begins; PwC chief’s $1.2m bonus; and a screaming Egyptian mummy

Liberal senator is suing former staffer over social media posts she alleges damaged her reputation

The Guardian - AU

PwC chief’s $1.2m bonus kept ‘secret for more than a year’, inquiry told

Kevin Burrowes received additional salary from the firm’s international arm but did not initially reveal it to parliamentary inquiry into company

The Guardian - AU

The world 'deserves the truth' behind PwC scandal

The PwC tax leak scandal has gone beyond Australian borders and everyone deserves to know who exactly was involved, a senator says.

AAP

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PwC chairman refuses to share tax leaks scandal investigation with Australian parliament

Firm cites legal professional privilege after request for copy of report but provides more detail about scope of investigation

The Guardian - AU

Liberal senator demands PwC executives ‘bare their necks’ at inquiry into consultancies

Richard Colbeck says PwC International must clarify reports it took control of Australian firm after tax leaks scandal

The Guardian - AU

Hundreds of jobs axed with PwC to 'simplify' business

Big Four consultant PwC has made hundreds of jobs redundant and accelerated the retirements of more than 30 partners in an effort to streamline its structures.

AAP

PwC Australia CEO claims he ‘doesn’t have’ key tax leaks report, despite Oz exec’s access

PwC CEO Kevin Burrowes has told a Senate inquiry he can’t hand over a key report on last year’s tax scandal because he can’t access it. But it seems he could try asking one of his Australian-based executives to hand it over.

Crikey

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‘Deadly serious’: Australian regulators criticise PwC refusal to hand over report into tax leaks

Consultancy’s global executive says report suggests there’s no evidence confidential information was used for commercial gain

The Guardian - AU

Crisis-hit consultancies among firms throwing money at Australian political parties

Disclosures show PwC alone made $369,973 in direct political donations last financial year

The Guardian - AU

‘Thought they could do what they want’: How PwC went from ‘untouchable’ to pariah

The fall from grace of accounting giant PwC was one of the defining stories of 2023, with the saga forever having shaped the public’s understanding of the billions spent on consultancy.

Crikey

PwC to cut more than 330 jobs in Australia after scandal over misuse of Treasury information

Consultancy giant will close ‘skilled service hub’ in South Australia with more redundancies across national workforce

The Guardian - AU

Powerful US and UK committees lobbied to pressure PwC to release report sought in Australia

Exclusive: Richard Colbeck urged counterparts to seek document used to clear firm’s partners of wrongdoing

The Guardian - AU

PwC partner at centre of tax advice scandal banned by Asic for eight years

Financial regulator finds Peter John Collins is ‘not a fit and proper person to provide financial services’

The Guardian - AU

Afternoon Update: Asio urges all parties to tone it down on Middle East; UN staff among those killed in Gaza; and factchecking voice misinformation

Security agency says it has seen direct connections between inflamed language and inflamed community tensions

The Guardian - AU

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AAP

'Totally unacceptable': PwC boss sorry for tax scandal

The new head of PwC Australia has apologised at a Senate hearing for the firm's role in passing on confidential Treasury information to private sector clients.

The Guardian - AU

PwC Australia blocked from breaking up business by global management in 2018, Senate inquiry hears

Former CEO Luke Sayers says ‘Project Kookaburra’ sought to sell off consultancy business amid concerns about conflicts of interests

The Guardian - AU

PwC Australia reveals more breaches on heels of scathing report into consultancy scandal

Firm releases ‘statement of facts’ alongside Switkowski review making further admissions about government consultation work

The Guardian - AU

PwC’s ‘rainmaker’ partners often pursue profits ahead of ethics, scathing review finds

Internal review led by former Telstra boss Ziggy Switkowski finds ‘whatever it takes’ culture at accounting firm contributed to serious ethical failure

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The Guardian - AU

PwC appoints new Australian CEO with plans to sell off government consultancy work for $1

Scandal-plagued firm announces Kevin Burrowes as new head of Australian division

The New Daily

PwC drops all government business and picks up a new CEO

A new CEO has been parachuted into embattled consultancy PwC Australia, which is offloading its government consultancy business for $1.

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