PwC Australia scandal: what actually happened and will it be fatal for the advisory firm?

PwC used its global network to profit from privileged information, drawing in other parts of one of the world’s biggest professional services firms. Photograph: Dan Himbrechts/AAP

PricewaterhouseCoopers’ public slogan is to “build trust in society and solve important problems”.

But its embattled Australian affiliate breached that trust when it misused confidential government tax information for commercial gain, creating its own crisis that threatens to extend beyond national borders.