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The Latest Breaking News from PwC

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 Conversation

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.

The New Daily

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.

Crikey

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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

How does Belfast stack up against other UK cities for 'good growth'?

Belfast is the top performing city out of the devolved regions in PwC's 'Good Growth Index'.

Belfast Live

In the mild world of Australian regulators, no one goes to jail

When in doubt, Australian regulators prefer a quiet word or a stern warning with regards to corruption, leaving the industry toothless.

Crikey

Health puts PwC contracts back under the microscope

A Senate budget estimates hearing in Canberra has been told $25 million in contracts with PwC are being examined for any conflicts of interest and risks.

The New Daily

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Grattan on Friday: the PwC scandal should be ripe for the National Anti-Corruption Commission's attention

By coincidence, the furore around the consultancy firm PwC is raging just as the National Anti-Corruption Commission is gearing up for its start of business on July 1.

The Conversation

Attorney-General says PwC must be ‘fully accountable’

PwC must be "fully accountable" for the tax scandal leak, but the Attorney-General won't say if it should be investigated by the anti-corruption commission.

The New Daily

Julian Assange: the plot thickens

The FBI has reopened its case against WikiLeaks founder Julian Assange, putting a dampener on hopes he could soon be released, and Health Minister Mark Butler’s wife Daniela Ritorto has quit her job at a company linked to a $23.4 million government contract.

Crikey

Morning Mail: Ben Roberts-Smith judgment day, AI ban considered, Maroons’ Origin stunner

SAS soldier will learn verdict in defamation case against three newspapers this afternoon; Labor to consider outlawing certain types of AI

The Guardian - AU

‘Ropeable’: Treasurer says PwC partners will be named ‘in time’

Treasurer Jim Chalmers says he is "ropeable" about the PwC tax scandal and that the names of those involved will be made public "in time".

The New Daily

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

‘We want to demystify the choices for parents as well as students’

Unsure of how best to help your teen navigate the new educational landscape? Then it’s time to speak to an expert, writes Julie Henry

Evening Standard

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ABC News

Treasurer Jim Chalmers says naming of PwC partners placed on leave will happen 'in time'

Treasurer Jim Chalmers says the naming of partners at consulting giant PwC involved in misusing confidential government information will happen "in time".

ABC News

PwC asked to hand over more information amid new investigation into leaking of tax information

PriceWaterHouse Coopers insists it will comply with a request to hand over information to the Tax Practitioners Board looking into the leaking of confidential treasury documents.

The Conversation

Word from The Hill: PwC scandal, McGowan quitting politics, PM's trip to Singapore and high inflation figure

As well as her interviews with politicians and experts, Politics with Michelle Grattan includes “Word from The Hill”, where she discusses the news with members of The Conversation’s politics team.

The Guardian - AU

Afternoon Update: RBA governor suggests more share houses; inflation rises; and vapour blasts from a Saturn moon

Underlying inflation and price pressures easing, shrinking the likelihood of another RBA rate hike on Tuesday

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The New Daily

PwC’s $1 million review failed to question robodebt legality

A federal government department will consider whether it should seek a $1 million refund from PwC after it did not deliver a 2017 report on its robodebt audit.

Crikey

Defence reveals seven new PwC contracts worth $6m after tax scandal broke

Crikey can reveal the Defence Department entered into the following contracts with PwC after January 23 when the PwC tax scandal broke.

Crikey

Why didn’t the tax office refer the PwC partner to the police?

There is a strata of penalties the Tax Practitioners Board can impose, ranging from additional training to outright termination.

The Guardian - AU

Philip Lowe ‘appalled’ by PwC scandal but says firm will continue to audit Reserve Bank

At an estimates hearing on Wednesday, RBA governor also repeats the bank’s commitment to raising interest rates to reduce inflation

The New Daily

‘Destroys trust’: Philip Lowe reveals RBA hired embattled PwC over staff underpayment scandal

Reserve Bank boss Philip Lowe has confirmed the central bank has underpaid staff, revealing embattled consultancy PwC was hired to help.

The Guardian - AU

PwC tax leak scandal: Greens senator accuses police of conducting ‘inadequate desktop assessment’

Barbara Pocock’s remarks in Senate estimates come as Australian Taxation Office and AFP blame each other for inaction in 2019

The New Daily

Environment department has PwC contracts: Plibersek

Environment Minister Tanya Plibersek has asked for contracts her department has with PwC to be placed under "strict controls".

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