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The Latest Breaking News from PwC

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

Day one for the NACC and already an inbox full of corruption allegations

‘And now there is work to be done’: inaugural NACC commissioner Paul Brereton begins the anti-corruption watchdog’s first sitting.

Crikey

Consultant watch: opioid enabler McKinsey gets to write the script on scripts

Among the tens of millions raked in by consultants in June, McKinsey stands out for using its experience in the US opioid epidemic in Australia.

Crikey

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PwC identifies eight partners involved in tax leak

The names of eight sacked partners from embattled consultancy firm PwC have been revealed as the investigation into the tax leak scandal continues.

AAP

Anti-corruption commission an 'historic moment'

The nation's anti-corruption watchdog has already received 44 online referrals and is chasing up a further five phone calls, it has been revealed.

AAP

PwC matter referred to federal anti-corruption watchdog

The Greens have wasted no time in putting the PwC tax leak debacle on the new anti-corruption watchdog's radar.

AAP

The new National Anti-Corruption Commission faces high expectations – and a potential mountain of work

Australia’s new National Anti-Corruption Commission is due to begin its operations today. Already there is much talk about who and what it should investigate.

The Conversation

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Workforce hopes and fears

Some 39% of workers in Asia-Pacific believe their organisation will not survive more than 10 years if it continues on its current course, the "2023 Hopes and Fears Global Workforce Survey" conducted by PwC reveals.

Bangkok Post

Thames Water could delay accounts as turmoil in water industry grows

Firm refuses to say when it will publish annual report; pressure builds on regulator Ofwat

The Guardian - UK

PwC’s Tim Ryan ‘kick-starts’ his day with 75 push-ups, 600 sit-ups, and running 3 miles in under 22 minutes

Fitness "helps get me in the right mindset."

Fortune

'Grave misconduct': Gladys Berejiklian corruption report should put all public officials on notice

When an anti-corruption agency issues a 688-page report with findings a former premier engaged in “serious corrupt conduct” and breached the public’s trust, it puts all public officials on notice.

The Conversation

PM says referendum will ‘lift up the nation’ – as it happened

This blog is now closed.

The Guardian - AU

Morning Mail: how Gen Z could change politics, Berejiklian awaits Icac, Australia on top at Lord’s

Young Australians far less likely to shift to the right than their parents, study finds, while Gladys Berejiklian faces the corruption watchdog’s verdict

The Guardian - AU

Federal government suspends major aged care contract with PwC

Exclusive: Suspension of audit program shows existing arrangements in line of fire along with future contracts, as fallout from tax scandal continues

The Guardian - AU

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The Conversation

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.

Crikey

The AFR shits all over its own excellent PwC work

The Fin uses the bold strategy of ‘what if everything we spent months helping to expose wasn’t all that big a deal?’

The Guardian - AU

‘Grossly inadequate’: group claiming to be PwC partners ridicule firm’s response to tax scandal

Anonymous letter demands more transparency and accountability from PwC in Australia

The Guardian - AU

Morning Mail: Australian universities join global top 20, fears for swift parrot, do rent caps work?

Universities of Melbourne, Sydney and New South Wales make list for first time; almost one in six units offloaded for less than they were bought for

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The Guardian - AU

PwC walks back report used to claim Australia’s nature repair market could be worth $137bn

Report cited by environment minister in support of offset bill criticised for inflated figures

The Guardian - UK

Britons will soon spend more on streaming than TV, analysts say

UK households forecast to spend £4.2bn on Netflix and other services by 2025, overtaking TV packages

Crikey

PwC boss ‘incorrectly’ listed as at meetings after government hired her firm

Acting PwC chief executive Kristin Stubbins said she recused herself and stepped down from attending meetings.

Fortune

Morgan Stanley says commercial real estate will crash harder than during the Great Financial Crisis. Here’s how 5 other top institutions see it playing out

There’s one thing they can all agree on: Office properties are in trouble.

Fortune

PwC says these 4 trends could accelerate dealmaking in the second half of 2023

Business leaders are "looking at any path to grow, make their companies more efficient, and balance that with risk,” says PwC's Neil Dhar.

The Guardian - AU

PwC to publicly name all staff involved in tax scandal, inquiry told

CEO Kristin Stubbins says once internal investigation is complete there will be ‘appropriate accountability’ for those found to have acted inappropriately

Crikey

Out they go! Sale sale sale as PwC offers the bargain of a lifetime!

Want a government consulting firm, going cheap? PWC’s effort to flog off its government consulting arm won’t necessarily fix the fundamental problems of private consultants.

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