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The Latest Breaking News from PwC

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.

PwC has a secret weapon when it comes to rolling out AI within the company: Meet the ‘super users’

PwC has a secret weapon when it comes to rolling out AI within the company: Meet the ‘super users’

The consulting firm has an informal team of workers to help upskilling for all staffers.

AI skills are increasingly sought after, and could bump up your pay

AI skills are increasingly sought after, and could bump up your pay

Businesses are prepared to pay more for AI-skilled workers – these are the best industries for a pay rise.

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Productivity soars in sectors of global economy most exposed to AI, says report

Employers in UK, one of 15 countries studied, willing to pay 14% wage premium for jobs requiring AI skills

The Guardian - UK

Expert says employers can be found liable for sexual assault outside of work hours as PwC fights case

Accountancy firm argues it is not liable since it had taken ‘all reasonable steps’ to prevent such behaviour

The Guardian - AU

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.

‘Big four’ accountancy firms PwC and EY fined over LC&F audit failures

Firms fined millions after London Capital & Finance’s 2019 crash wiped out customers’ savings

The Guardian - UK

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QLD police removes Indigenous advisory

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.

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

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.

‘Too soon’ to call Perth stabbing terrorism

‘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.

Government paves the way to resume handing contracts to PwC Australia

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’.

‘No dividing line’: consultants advising private water companies also work for their regulator, Ofwat

‘No dividing line’: consultants advising private water companies also work for their regulator, Ofwat

Campaigners call for the whole regulatory system to be replaced after Observer analysis finds watchdog spent more than £25m with consultancies

The Guardian - UK

In India’s richest state, exam scams kill escape from farm crisis

In India’s richest state, exam scams kill escape from farm crisis

Ganesh Kale took three dozen exams but was robbed of a fair shot because of corruption. So he tried to take his life.

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

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

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China Investigates Pwc In Evergrande Fraud Case

China investigates PwC's role in Evergrande fraud case, raising concerns over financial stability and global market impact.

The Guardian - AU

Afternoon Update: Record increase in net migration; PwC won’t share tax leaks report; and the hot cross buns taste test

Australia’s population grew to 26.8 million in September thanks to a larger than expected rate of immigration

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

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

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The Guardian - UK

Nearly 5,000 UK chain stores closed last year at rate of 14 a day

Pharmacies, banks and pubs retreat from town and city centres knocked by failure of Wilko last year

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.

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.

Interim PwC boss 'disappointed' to leave mid-crisis

The former acting head of PwC says she'd wanted to lead the company after a tax leak scandal, but wasn't surprised an international recruit was brought in.

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.

PwC is turning to AI to help its clients do their taxes

Collaboration between OpenAI, Harvey, and PwC has delivered an AI-powered tax assistant for UK tax professionals.

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

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