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The Latest Breaking News from PwC Australia

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’

The Guardian - AU

'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.

AAP

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

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‘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

The Guardian - AU

Beyond the PwC scandal, there’s a growing case for a royal commission into Australia’s ruthless corporate greed

Accounting and consulting group PwC has been front page news ever since its chief executive Tim Seymour stepped down “effectively immediately” in May, when the firm said it had “betrayed the trust” of Australians and promised an independent review of its governance, accountability and culture.

The Conversation

PwC Australia reveals more breaches on heels of scathing report into consultancy scandal

Firm releases ‘statement of facts’ alongside Switkowski review making further admissions about government consultation work

The Guardian - AU

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PwC’s ‘rainmaker’ partners often pursue profits ahead of ethics, scathing review finds

Internal review led by former Telstra boss Ziggy Switkowski finds ‘whatever it takes’ culture at accounting firm contributed to serious ethical failure

The Guardian - AU

PwC to restructure board as report into consultancy scandal released

PwC Australia will also commit to publishing audited financial statements

The Guardian - AU

Consultancy firm used ‘power maps’ of Australian officials to help win government contracts

Accenture’s Peter Burns tells Senate the documents identifying key decision-makers and influence leaders have been used to tender for work

The Guardian - AU

PwC partners to be paid £906,000 this year

Payment to more than 1,000 UK workers is slight fall on last year’s £1m record as profits decline despite rising revenues

The Guardian - UK

PwC charged health department to provide ‘risk management’ workshop in weeks before scandal

Exclusive: Consultancy firm ran event at Department of Health and Aged Care in December, days before former PwC partner was banned by tax advice regulator

The Guardian - AU

National cabinet announces housing plan – as it happened

This blog is now closed.

The Guardian - AU

PwC did not disclose any conflicts of interest before winning aged care auditing contract

Consulting firm’s contract to audit the Morrison government’s workforce bonus program remains suspended, department confirms

The Guardian - AU

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The Guardian - AU

PwC lost track of number of client privilege claims allegedly used to stymie ATO investigations

Consulting firm couldn’t say how many times its former general counsel was involved in privilege claims made to tax office, Senate inquiry hears

The Guardian - AU

Finance department hires consultant to advise on hiring consultants in move compared to ABC’s Utopia

Exclusive: Department’s $32,000 contract, which comes after PwC tax leak scandal, slammed as ‘laughable scenario’

The Guardian - AU

PwC scandal: PwC Australia reached confidential settlement with ATO months before tax scandal fallout revealed

Embattled consultancy would not divulge details of deal, which was struck two months before the federal government referred the matter to the AFP

AAP

Deal done for under-fire PwC government consulting arm

PwC Australia and Allegro Funds have agreed terms for the sale of the former's government consultancy business to the private equity firm for a nominal $1.

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The Conversation

You can't buy much for $1, except maybe a global company. Why PwC could be sold for less than the price of a stamp

In a move that has taken the business world by surprise, PwC Australia this week offloaded its government consultancy business to Allegro Funds for just $1.

The Guardian - AU

PwC appoints new Australian CEO with plans to sell off government consultancy work for $1

Scandal-plagued firm announces Kevin Burrowes as new head of Australian division

The New Daily

PwC drops all government business and picks up a new CEO

A new CEO has been parachuted into embattled consultancy PwC Australia, which is offloading its government consultancy business for $1.

The Guardian - AU

PwC Australia scandal: $27m river modelling contract referred to audit body

Murray-Darling Basin Authority seeks assurances that confidential information has not been compromised

ABC News

What is the PwC tax scandal? Who is Peter-John Collins? Who knew about it? Why does it matter?

Consulting giant PwC is embroiled in a scandal of its own doing, having used confidential government information to benefit its bottom line. Here's how it happened, and what consequences the firm is facing.

The Guardian - AU

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

The Australian affiliate of PricewaterhouseCoopers is subject to a police investigation in a crisis that could have global implications

ABC News

Lack of detail stopped Australian Federal Police initially investigating PwC breach

The Australian Taxation Office raised concerns about a confidentiality breach at PwC to Australian Federal Police in March 2018, but a lack of detail meant no investigation was launched.

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