Yesterday
Tax Office halved $1.4m PwC fine for false privilege claims
A confidential settlement also prevents the ATO from taking action against five multinational clients who supported the claims.
- Neil Chenoweth
This Month
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
ASIC bans ex-PwC partner Peter Collins for eight years
The Australian Securities and Investments Commission said it was in the public interest for him to be barred from working in financial services for a period.
- Updated
- Edmund Tadros
Hire us, not consultants, barristers tell government
The Victorian Bar says using “individual experts” would be cheaper and help overcome issues of accountability and breach of trust.
- Maxim Shanahan
US regulator investigates PwC tax leaks after ‘untimely’ report
The powerful US Public Company Accounting Oversight Board is investigating the Australian tax leaks scandal, bringing increased risk to PwC’s global operations.
- Edmund Tadros
Big four audit, consulting model questioned in PwC tax leaks inquiry
The argument that the major accounting firms need access to specialised skills within their consulting businesses to deliver quality audits has been questioned at a Senate inquiry.
- Edmund Tadros
PwC’s ashes smoulder | Energy transition stalls | Who will be Qantas’ chairman?
In this week’s episode, James and Anthony look at the future of the big four consulting firms after the PwC tax leaks scandal, the tough reality of a faltering energy transition, and ask who should be the next chairman of Qantas.
Sayers wanted to sell PwC’s consulting business for $1b
Luke Sayers was so worried about the conflicts at PwC that he spearheaded a secret push to float the firm’s local consulting business.
- Edmund Tadros
- Opinion
- Tax avoidance
PwC chiefs play pass the parcel
Kevin Burrowes, the new chief executive PwC Australia sent in to fix the firm’s tax leak scandal, has a terminal case of resting bulldog face.
- Neil Chenoweth
- Opinion
- Chanticleer
PwC couldn’t break itself up. The government might finish the job
Luke Sayers revealed he tried to split off the firm’s consulting arm five years ago, only to be knocked back. Ironically, the government might get it done.
- James Thomson
Sayers explored selling PwC’s consulting business
Senators grilled PwC Australia chief executive Kevin Burrowes this morning before saying they were “astonished” at evidence from predecessor Luke Sayers. Here’s how the day unfolded.
- Updated
- Edmund Tadros and Nick Bonyhady
PwC spin-off Scyne gets Canberra green light
The powerful Department of Finance has signed off on the private equity-backed consultancy, allowing it to do government work.
- Edmund Tadros
What BCG, McKinsey revealed to the consulting inquiry
Boston Consulting Group has sacked four personnel from its local business and detailed how it helps staff manage their workloads.
- Edmund Tadros
PwC tax leaks undermined shareholder trust in audits
The PwC tax leaks scandal concerned retail shareholders as it raised doubts about the firm’s ability to carry out corporate audits, the ASA has told an inquiry.
- Edmund Tadros
Burrowes, Sayers to front PwC inquiry
PwC Australia chief executive Kevin Burrowes, along with former CEO Luke Sayers, will appear at the Senate inquiry into consulting on Thursday, the first time either have testified since the extent of the tax leaks scandal became public in May.
- Updated
- Edmund Tadros
- Opinion
- Opinion
PwC tax leak scandal has exposed partnerships as regulatory havens
The loopholes that allow large accounting firms that look, act and behave much like corporations without being regulated in the same way should now be closed.
- Brent Fisse
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
Many reforms following PwC tax leak scandal ‘already mandated in UK’
But it was a lack of equality at the firm that led to the problem, as partners felt they could not challenge the behaviour, says a management expert.
- 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
- Exclusive
- PwC
PwC paid for tax officer’s Paris trip
PwC paid for senior tax officer Jeremy Hirschhorn to fly to Paris to address its global tax conference for clients and partners, at the height of the tax leaks scandal.
- Neil Chenoweth
