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The Latest Breaking News from PwC Australia

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

Australian federal police begin search of PwC headquarters amid tax leaks scandal

Chief executive says company is cooperating with the investigation, which is related to individuals who have left the firm

The Guardian - AU

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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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

The PwC scandal sparked scrutiny of advisory firms. Is Australia’s consulting sector about to see a reckoning?

Accountability and regulation are set to be prominent as the federal inquiry releases its final report on Wednesday

The Guardian - AU

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

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

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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

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.

Top News

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.

AAP

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

‘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

The Guardian - AU

NSW government says EY’s non-disclosure on policy work ‘reflects poorly’ on system

EY partners grilled at inquiry over failure to disclose Santos contract while working on government’s ‘future of gas statement’

The Guardian - AU

Crisis-hit consultancies among firms throwing money at Australian political parties

Disclosures show PwC alone made $369,973 in direct political donations last financial year

The Guardian - AU

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AAP

PwC censured, fined almost $100,000 after tax leak

PwC has been fined nearly $100,000 after a disciplinary tribunal found it brought discredit on the accounting profession.

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

PwC to cut more than 330 jobs in Australia after scandal over misuse of Treasury information

Consultancy giant will close ‘skilled service hub’ in South Australia with more redundancies across national workforce

The Guardian - AU

Big four consultancy firm partners could be banned from being on board of regulator after PwC scandal

Greens say Labor has agreed to stop senior executives or partners at firms from becoming board members of Tax Practitioners Board

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The Canberra Times

PwC spin-off is 'ready to go' after final approval

Foreign Investment Review Board gives PwC sale approval.

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

PwC partner at centre of tax advice scandal banned by Asic for eight years

Financial regulator finds Peter John Collins is ‘not a fit and proper person to provide financial services’

AAP

'Totally unacceptable': PwC boss sorry for tax scandal

The new head of PwC Australia has apologised at a Senate hearing for the firm's role in passing on confidential Treasury information to private sector clients.

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

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

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