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The Latest Breaking News from PwC

Stark asks for more time for special audit report

Stark Corporation has asked the Securities and Exchange Commission (SEC) to delay the deadline for the submission of its special audit report by another 30 days from Friday, but indicated it is prepared to file its 2022 financial statement on July 16, as required by the regulator.

Bangkok Post

Another Thorpedo

Independent Senator Lidia Thorpe accused Liberal Senator David Van of sexual assault, then later withdrew the claim and said she’d elaborate today, and there’s speculation Rupert Murdoch is eyeing off buying The Spectator magazine.

Crikey

Who needs PwC when consultancy work could be done more efficiently in-house?

The Senate inquiry into the PwC scandal has prompted the New South Wales Legislative Council to launch an inquiry into the NSW government’s use of management consulting services.

The Conversation

From analysis to the latest developments in health,
read the most diverse news in one place.

PWC banned from future NSW tax advice after scandal

As NSW MPs prepare to examine the $1 billion spent on external advice since 2017, the government has banned PwC from further work on tax matters.

AAP

NSW government temporarily bans all PwC work on tax projects

Inquiry into the state’s use of consultants to examine why local health districts paid firms $124m since 2011

The Guardian - AU

Ruapehu ski fields file for ‘prepackaged liquidation’

A draft report reveals the Govt has already moved to seal the fate of Whakapapa and Turoa, ahead of next week's big creditors' meeting. Andrew Bevin reports.

Newsroom.co.nz

‘Slavish obsession’ with outsourcing and consultants has demoralised public sector: NSW union

Exclusive: A NSW parliamentary inquiry will examine how an operating model based on consultants left the public service ‘infantilised’

The Guardian - AU

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Time for political parties to hand back their PwC cash

Political parties should regard PwC donations as tainted money.

Crikey

Private hands would derail high-speed train

Email letters@newcastleherald.com.au or send a text message to 0427 154 176 (include name and suburb).

Newcastle Herald

Businesses take to the track for Mary Peters Trust Corporate Games

They helped raise £23,000 to support promising young athletes

Belfast Live

Conflict of interest should kill off the big four consulting industrial complex

It’s in the very nature of large consulting firms to have conflicts of interest. It’s how they work, and it won’t stop.

Crikey

Taxpayers slugged $671m in consultancy costs: Data

Scandal-hit consultancy PwC and other firms have reaped more than $670 million from Victorian taxpayers over the last half decade, new data shows.

The New Daily

Blacklisting PwC won't stop outsourcing: here are 3 reasons it has become embedded in the Australian public service

Labor had pledged to wind back the use of the big four consulting firms by the public service well before the scandal engulfing PricewaterhouseCoopers over the sharing of confidential government information.

The Conversation

How reliance on consultancy firms like PwC undermines the capacity of governments

In the wake of the PwC scandal, there is renewed interest in the work of outside agencies within Australian government.

The Conversation

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The Guardian - AU

Senate hears details of PwC attempts to deflect investigations into tax leak scandal

Inquiry told of consultancy’s use of tens of thousands of claims of client privilege to avoid scrutiny

Reuters

Indonesia's delayed China-funded rail project beset by fresh problems

Indonesia's transport ministry and three consultants have pushed back on a China-funded consortium's plan to start full commercial operations of the country's $7.3 billion first high-speed train service in August, an internal document shows.

The New Daily

Consultancy firms to face scrutiny of Senate inquiry

A Senate inquiry will explore the interaction of consultants and government departments at a public hearing, as the PwC tax advice scandal continues.

The Canberra Times

Calvary acquisition faces its most significant hurdle

A full bench will consider the push for an injunction.

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The Guardian - AU

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 Conversation

Self-interest versus public good: the untold damage the PwC scandal has done to the professions

The unfolding PwC scandal could be considered nothing more than an especially egregious example of ethical failure with dire consequences.

The Guardian - AU

Afternoon Update: Kathleen Folbigg dubbed ‘our Lindy Chamberlain’; Jacinda Ardern becomes a dame; and Barbie film drains world of pink paint

An inquiry heard that Folbigg and her two daughters had rare genetic variation and her son may have died from an underlying disorder

The Conversation

There's more than reputation at stake: PwC faces penalties, including possible jail time

What penalties does the consulting giant PricewaterhouseCoopers face for sharing confidential government tax policy information and (in its words) betraying the public’s trust?

The New Daily

Further federal action against PwC on the cards

The treasurer says the government would consider further action against PwC following a police investigation into the tax advice scandal.

Crikey

Spotlight on Bruce Lehrmann

Former Liberal staffer Bruce Lehrmann has not ruled out suing Brittany Higgins for defamation over her rape claim, and Defence Minister Richard Marles says the government is working hard on the complex issue of compensation for victims of alleged war crimes.

ABC News

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.

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