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The Latest Breaking News from PwC Australia

Big four consultancy firms should have partner numbers slashed by up to 600, Australian inquiry says

Banning political donations or restructuring firms to reduce conflict of interest are not part of recommendations

The Guardian - AU

Australian federal police begin search of PwC headquarters amid tax leaks scandal

Chief executive says company is cooperating with the investigation, which is related to individuals who have left the firm

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

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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

The PwC scandal sparked scrutiny of advisory firms. Is Australia’s consulting sector about to see a reckoning?

Accountability and regulation are set to be prominent as the federal inquiry releases its final report on Wednesday

The Guardian - AU

Ban? What ban? PwC and ‘Scyne Advisory’ $138m federal bonanza

After one of the biggest corporate scandals in Australian history, PwC and Scyne Advisory still have millions in government contracts.

Crikey

Secretive review paves the way for PwC partner to sell business

The Department of Finance refuses to release its review, say who conducted it, or even reveal what specifically it looked at or found.

Crikey

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Australia green-lit PwC days before Senate report into tax leaks scandal dropped

The Australian government inexplicably rubber-stamped PwC just days before a cornerstone inquiry into the tax leaks scandal was to deliver its findings.

Crikey

QLD police removes Indigenous advisory

The First Nations advisory group to Queensland’s police force has been sacked, Josh Frydenberg wants campus protests cleared out, and China has fired flares at an Australian Navy helicopter.

Crikey

Government restarts PwC gravy train with $700,000 cash splash

New contracts with PwC’s Indigenous Consulting were published last week — the same day the Finance Department issued a surprise notice indicating PwC Australia could soon resume federal government work.

Crikey

‘Too soon’ to call Perth stabbing terrorism

WA police are reticent to call the recent Peth stabbing a terrorist attack, Meta says nobody reads news on Facebook anymore anyway, and student workers on placement will get weekly payments from next year.

Crikey

Government paves the way to resume handing contracts to PwC Australia

A surprise procurement note says the Finance Department is undertaking an ‘examination’ as to ‘PwC Australia’s ethical soundness’.

Crikey

Senate committee report accuses PwC of trying to cover up tax leaks scandal

New claim follows earlier report by the committee accusing the firm of a ‘calculated’ breach of trust

The Guardian - AU

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

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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

Top News

Pwc Australia Cuts 300-Plus Jobs After Tax Plan Scandal

PwC Australia cuts 300 jobs post tax plan scandal, emphasizing transparency and long-term success. Importance of ethical standards in business highlighted.

AAP

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.

Crikey

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.

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The Guardian - AU

Consultancy firms divided on controversial tax scheme as ATO threatens action

EY and KPMG won’t end practice of partners legally splitting part of income with spouses to reduce their tax burden

The Guardian - AU

‘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

NSW government says EY’s non-disclosure on policy work ‘reflects poorly’ on system

EY partners grilled at inquiry over failure to disclose Santos contract while working on government’s ‘future of gas statement’

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

Crikey

‘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.

AAP

PwC censured, fined almost $100,000 after tax leak

PwC has been fined nearly $100,000 after a disciplinary tribunal found it brought discredit on the accounting profession.

The Guardian - AU

MPs condemn payment of millions to consultants over federally funded grant schemes

Politicians and union say assessment of applications should no longer be outsourced to private companies

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