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The Latest Breaking News from Deborah ONeill

Big four consultancy firms should have partner numbers slashed by up to 600, Australian inquiry says

Banning political donations or restructuring firms to reduce conflict of interest are not part of recommendations

The Guardian - AU

Maritime road rage: windfarm protesters 'rock the boat' of Labor cruise

An anti-wind farm protest has turned ugly.

Newcastle Herald

PwC chief’s $1.2m bonus kept ‘secret for more than a year’, inquiry told

Kevin Burrowes received additional salary from the firm’s international arm but did not initially reveal it to parliamentary inquiry into company

The Guardian - AU

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Lack of technology poses 'existential risk' to ASIC

The boss of the financial services watchdog has revealed a lack of investment in data capability and technology is hampering its ability to tackle crime..

AAP

The world 'deserves the truth' behind PwC scandal

The PwC tax leak scandal has gone beyond Australian borders and everyone deserves to know who exactly was involved, a senator says.

AAP

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

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

The Guardian - AU

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‘Incredible failure’: KPMG rejects claims it assessed ‘the wrong company’ before $423m payment to Paladin

Exclusive: Firm’s denial comes after weeks of intense criticism, including accusations that it misled parliament

The Guardian - AU

Dutton likely unscathed by damning Home Affairs revelations, thanks to the media

It’s apparently of little significance to News Corp and the ABC that the alternative leader of the country is neck-deep in scandals care of Home Affairs.

Crikey

Consultancy firms divided on controversial tax scheme as ATO threatens action

EY and KPMG won’t end practice of partners legally splitting part of income with spouses to reduce their tax burden

The Guardian - AU

Government body ‘does not believe’ it censored a report critical of Big Four

The Australian Accounting Standards Board chair says he does not believe restrictions were placed on what went into the report.

Crikey

Report critical of big four consultancies was censored by Australian government agency, academic claims

Peter Carey tells inquiry he was asked by Accounting Standards Board to omit details because partners from PwC, KPMG, Deloitte and EY sat on the board

The Guardian - AU

MPs condemn payment of millions to consultants over federally funded grant schemes

Politicians and union say assessment of applications should no longer be outsourced to private companies

The Guardian - AU

Powerful US and UK committees lobbied to pressure PwC to release report sought in Australia

Exclusive: Richard Colbeck urged counterparts to seek document used to clear firm’s partners of wrongdoing

The Guardian - AU

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AAP

Accused auditors dodge black mark by resigning: ASIC

A Senate committee has heard auditors accused of committing misdemeanours could escape consequences and scrutiny by resigning.

The Guardian - AU

PwC Australia blocked from breaking up business by global management in 2018, Senate inquiry hears

Former CEO Luke Sayers says ‘Project Kookaburra’ sought to sell off consultancy business amid concerns about conflicts of interests

The Guardian - AU

‘This is not over’: Treasury flags further action against PwC Australia over additional breaches of confidence

Exclusive: Move comes after firm admits partner forwarded papers related to confidential consultation with treasury and ATO officials to colleagues

Crikey

Clive Palmer takes No for an answer

Miner Clive Palmer will use $2 million of his billions to back the No vote in the Indigenous Voice to Parliament referendum, and Home Affairs secretary Mike Pezzullo gave British American Tobacco access to one of his department’s senior customs officials.

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The Guardian - AU

PwC tax leak scandal not isolated to Australia, senators claim

Accounting firm says no evidence confidential information used by partners outside Australia for commercial gain

The Guardian - AU

PwC scandal: Australian Tax Office tried to get federal police to investigate in 2018

Tax office tells Senate committee it did not have the investigative powers to secure enough evidence from consultancy firm, hampering efforts to persuade federal police to investigate

The Guardian - AU

PM will push national cabinet for public holiday if Australia make final – as it happened

This blog is now closed.

Fortune

‘I’m incredibly privileged’: Deloitte Australia’s CEO says he’s not worth his $2.3 million pay package at public hearing

Adam Powick admitted to being overpaid at a public hearing that is part of a larger inquiry into the integrity of consulting firms following a tax scandal at PwC.

The Guardian - AU

Deloitte declines to tell Senate which government department’s information it leaked internally

Greens senator repeatedly asks firm to reveal which department was implicated but question taken on notice

The Guardian - AU

PwC announces it will cease donations to political parties as part of attempt to rebuild reputation

Consulting firm’s self-imposed ban follows scandal over misuse of confidential government tax information

The Guardian - AU

Federal government suspends major aged care contract with PwC

Exclusive: Suspension of audit program shows existing arrangements in line of fire along with future contracts, as fallout from tax scandal continues

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