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The Latest Breaking News from PwC Australia

Deal done for under-fire PwC government consulting arm

PwC Australia and Allegro Funds have agreed terms for the sale of the former's government consultancy business to the private equity firm for a nominal $1.

AAP

You can't buy much for $1, except maybe a global company. Why PwC could be sold for less than the price of a stamp

In a move that has taken the business world by surprise, PwC Australia this week offloaded its government consultancy business to Allegro Funds for just $1.

The Conversation

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 Guardian - AU

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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.

The New Daily

PwC Australia scandal: $27m river modelling contract referred to audit body

Murray-Darling Basin Authority seeks assurances that confidential information has not been compromised

The Guardian - AU

What is the PwC tax scandal? Who is Peter-John Collins? Who knew about it? Why does it matter?

Consulting giant PwC is embroiled in a scandal of its own doing, having used confidential government information to benefit its bottom line. Here's how it happened, and what consequences the firm is facing.

ABC News

PwC Australia scandal: what actually happened and will it be fatal for the advisory firm?

The Australian affiliate of PricewaterhouseCoopers is subject to a police investigation in a crisis that could have global implications

The Guardian - AU

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Lack of detail stopped Australian Federal Police initially investigating PwC breach

The Australian Taxation Office raised concerns about a confidentiality breach at PwC to Australian Federal Police in March 2018, but a lack of detail meant no investigation was launched.

ABC News

PwC Australia sidelines 9 directors as leak of tax information investigated

The Australian branch of the PricewaterhouseCoopers consultancy network has ordered nine partners to go on leave while an inquiry examines the leaking of confidential Australian tax avoidance policy changes to corporate clients who could benefit from the information

The Independent UK

PwC Australia stands down staff amid tax plans leak scandal

Accounting firm pledges to do ‘everything it takes’ to regain trust after leaking government information to clients.

Al Jazeera

PwC failing to name all 53 partners in tax leak scandal would amount to ‘coverup’, Labor senator says

Deborah O’Neill made the warning after the consulting firm claimed to have ‘ringfenced’ its government work

The Guardian - AU

PwC to remove staff involved in Australia tax leak scandal from govt work

PricewaterhouseCoopers (PwC) has agreed to remove staff with links to the leak and use of confidential Australian tax plans from government work, a senior government official told an inquiry on Thursday.

Reuters

Australia refers PwC tax document leak scandal to police

The Australian Treasury has referred a confidential document leak scandal involving professional services firm PricewaterhouseCoopers (PwC) to police, Secretary to the Treasury Steven Kennedy said on Wednesday.

Reuters

PwC in the firing line and AFP drawn in as Senate asks hard questions about conflict-of-interest drama

A Treasury investigation into the impact of a PwC tax expert's use of confidential information — sold to clients seeking to minimise tax — could lead to the firm being referred to the Australian Federal Police, the assistant treasurer warns.

ABC News

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Fortune

Apple, Goldman Sachs, Samsung, and 10 others clamp down on ChatGPT at work

While ChatGPT can boost productivity, employers like Apple, Goldman Sachs, and Bank of America worry about privacy risks if employees use the chatbot at work.

Newsroom.co.nz

NZ 'too small' for PwC-style tax rort

Despite the tax advice scandal rocking the Australian business community, experts say the symbiotic relationship between the big four accounting firms and the New Zealand Government is apparently no cause for concern.

The Conversation

PwC scandal shows consultants, like church officials, are best kept out of state affairs

Australia’s Treasurer Jim Chalmers called it “an appalling breach of trust”. But the scandal involving the local arm of PricewaterhouseCoopers (PwC), the world’s second-largest professional services firm, is much worse than that.

The Guardian - AU

PwC internal review of tax leak ‘continues the cover-up’, Australian senator says

Labor’s Deborah O’Neill says it’s not enough for company to ‘share summary of key recommendations’, amid calls for AFP investigation

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The New Daily

Former Telstra boss Ziggy Switkowski to oversee PwC investigation

Ziggy Switkowski AO has been installed to look under the hood at embattled consultancy PwC after it became mired in a tax scandal.

The Guardian - AU

‘Disgraceful breach of trust’: how PwC, one of the world’s biggest accountancy firms, became mired in a tax scandal

PricewaterhouseCoopers used government secrets to help clients in Australia and the US avoid tax – a scandal that has forced resignations and threatens contracts worth hundreds of millions

Crikey

PwC should’ve known when to shut up

As consulting giant PwC Australia’s reputation continues to spiral, one question stands out: what was it thinking?

Crikey

Rank hypocrisy: Seymour takes the fall as PwC enters reputation rehab mode

PwC touts itself as a ‘community of solvers’ with the aim of building trust and creating positive outcomes. Now the ugly truth is emerging.

The Guardian - AU

PwC Australia chief executive Tom Seymour resigns in wake of tax policy leak

Leak of confidential information triggered probe into government’s use of consultants to perform work of public servants

Birmingham Post

Foot Anstey reports record turnover and appoints PwC finance director

Ali Allan will join Foot Anstey - which has offices across the South West - from PwC Australia later this year

The Guardian - AU

PwC told client it could cut Australian tax by $70m, court documents in privilege fight show

The Australian Tax Office is auditing Brazilian meat processor JBS over tax restructure

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