This Month
PwC’s global revenue growth lags big four rivals
The big four consulting firm says it is in the middle of an investment period that will pay off in future years, including a three-year hiring spree.
- Stephen Foley
- Exclusive
- Big four accountants
Big four ex-partner claims colleagues helped in tax exploitation scheme
The former partner, whose name is being suppressed along with that of the firm, hopes to file a limited defence to avoid incriminating himself.
- Max Mason and Neil Chenoweth
Former PwC Australia acting CEO Kristin Stubbins to leave firm
The woman who led PwC Australia through the darkest days of its tax leaks scandal will depart in January after three decades at the big four consulting firm.
- Edmund Tadros
Unpleasant work or low pay? What’s behind the auditor shortage
ASIC chairman Joe Longo and Labor senator Deborah O’Neill have different takes on why auditing is struggling to attract graduates.
- Edmund Tadros
- Exclusive
- Consulting
Big four partner alleged to have promoted tax exploitation scheme
A former partner at a major accounting firm is facing significant fines for allegedly promoting tax avoidance schemes to seven clients.
- Max Mason and Neil Chenoweth
PwC’s US boss Tim Ryan to quit as race to lead big four heats up
Tim Ryan had been tipped as a potential successor to Bob Moritz as global chairman.
- Michael O’Dwyer and Stephen Foley
KPMG, EY and Deloitte: We already have the PwC reforms in place
PwC Australia’s rivals claim to have superior governance structures that mean they don’t need to emulate the sweeping changes at the embattled firm.
- Edmund Tadros
PwC appoints new sector leaders, to centrally assess the risk of new work
PwC Australia has ended its ‘boys’ club’ method of selecting leaders and will allow clients to object to the firm taking on work they believe will be “adverse to their interests”.
- Edmund Tadros
September
- Opinion
- The AFR View
The who, why and what of the PwC tax leak scandal
Finding a way to straighten out the structural issue would be the constructive way for the entire professional services sector to move on from a bad patch.
- The AFR View
- Exclusive
- KPMG
KPMG-owned start-up chases $100m valuation
The professional services firm has invested $16 million into its software venture Wiise.
- Tess Bennett
- Exclusive
- KPMG
Big four consultants investigated by Defence Department
Canberra heavyweight KPMG is the subject of two Defence investigations, and Deloitte, EY and Accenture are subject to one probe each.
- Ronald Mizen
- Exclusive
- PwC tax scandal
Former PwC partner becomes a KordaMentha consultant
Peter Konidaris is the first of the named tax leaks partners to take up employment at a new outfit.
- Edmund Tadros
August
EY stands by Games advice, refuses to say how much it was paid
EY consultants have told a federal inquiry they stand by the work that put the cost of the 2026 Commonwealth Games at $2.6 billion, before the Andrews government cancelled the event citing a cost blowout up to $7 billion.
- Updated
- Gus McCubbing
EY revenue rises 11pc to $2.7b in ‘challenging year’
Demand for the firm’s services was strong in the second half of FY23, the reverse of the trend reported by KPMG when its results were released last week.
- Edmund Tadros
Charging big four partners payroll tax is ‘punitive’, unfair: CA ANZ
EY says a proposal to charge large accounting partnerships payroll tax on partner profits in NSW would be “a fundamental restructuring of the taxation of equity returns and income”.
- Edmund Tadros
EY preparing to cut UK jobs amid slowing demand for services
Along with the cuts, the firm told its British staff to expect less generous increases in pay and smaller bonus pools that will be shared among fewer people.
- Irina Anghel
- Opinion
- Consulting
The public service still needs consultants – but far fewer of them
The use of external contractors has gone too far, but reform shouldn’t wind back the clock for answers. The challenge is to get the balance right.
- Andrew Podger
- Analysis
- Private equity
Why private equity is obsessed with professional services firms
TPG Capital’s proposal to buy EY’s consulting business was rejected, but it is another example of private equity eyeing professional services assets.
- Aaron Weinman
EY rejects TPG plan to break up big four firm
EY said it is not pursuing “any transactions” with TGP Capital or any other private equity firm.
- Updated
- Michael O’Dwyer, Stephen Foley and Arash Massoudi
KPMG Australia CEO’s pay cut amid slower growth
Andrew Yates took a $600,000 haircut down to $2.2 million in the last financial year, after a slowdown in consulting work and deals.
- Updated
- Edmund Tadros
