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The Latest Breaking News from PwC Australia

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.

ABC News

PwC Australia sidelines 9 directors as leak of tax information investigated

The Australian branch of the PricewaterhouseCoopers consultancy network has ordered nine partners to go on leave while an inquiry examines the leaking of confidential Australian tax avoidance policy changes to corporate clients who could benefit from the information

The Independent UK

PwC Australia stands down staff amid tax plans leak scandal

Accounting firm pledges to do ‘everything it takes’ to regain trust after leaking government information to clients.

Al Jazeera

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PwC failing to name all 53 partners in tax leak scandal would amount to ‘coverup’, Labor senator says

Deborah O’Neill made the warning after the consulting firm claimed to have ‘ringfenced’ its government work

The Guardian - AU

PwC to remove staff involved in Australia tax leak scandal from govt work

PricewaterhouseCoopers (PwC) has agreed to remove staff with links to the leak and use of confidential Australian tax plans from government work, a senior government official told an inquiry on Thursday.

Reuters

Australia refers PwC tax document leak scandal to police

The Australian Treasury has referred a confidential document leak scandal involving professional services firm PricewaterhouseCoopers (PwC) to police, Secretary to the Treasury Steven Kennedy said on Wednesday.

Reuters

PwC in the firing line and AFP drawn in as Senate asks hard questions about conflict-of-interest drama

A Treasury investigation into the impact of a PwC tax expert's use of confidential information — sold to clients seeking to minimise tax — could lead to the firm being referred to the Australian Federal Police, the assistant treasurer warns.

ABC News

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Apple, Goldman Sachs, Samsung, and 10 others clamp down on ChatGPT at work

While ChatGPT can boost productivity, employers like Apple, Goldman Sachs, and Bank of America worry about privacy risks if employees use the chatbot at work.

Fortune

PwC scandal shows consultants, like church officials, are best kept out of state affairs

Australia’s Treasurer Jim Chalmers called it “an appalling breach of trust”. But the scandal involving the local arm of PricewaterhouseCoopers (PwC), the world’s second-largest professional services firm, is much worse than that.

The Conversation

PwC internal review of tax leak ‘continues the cover-up’, Australian senator says

Labor’s Deborah O’Neill says it’s not enough for company to ‘share summary of key recommendations’, amid calls for AFP investigation

The Guardian - AU

Former Telstra boss Ziggy Switkowski to oversee PwC investigation

Ziggy Switkowski AO has been installed to look under the hood at embattled consultancy PwC after it became mired in a tax scandal.

The New Daily

‘Disgraceful breach of trust’: how PwC, one of the world’s biggest accountancy firms, became mired in a tax scandal

PricewaterhouseCoopers used government secrets to help clients in Australia and the US avoid tax – a scandal that has forced resignations and threatens contracts worth hundreds of millions

The Guardian - AU

PwC Australia chief executive Tom Seymour resigns in wake of tax policy leak

Leak of confidential information triggered probe into government’s use of consultants to perform work of public servants

The Guardian - AU

Foot Anstey reports record turnover and appoints PwC finance director

Ali Allan will join Foot Anstey - which has offices across the South West - from PwC Australia later this year

Birmingham Post

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The Guardian - AU

PwC told client it could cut Australian tax by $70m, court documents in privilege fight show

The Australian Tax Office is auditing Brazilian meat processor JBS over tax restructure

AAP

Services firm plans big SA operation

A new facility in Adelaide for professional services firm PwC Australia will grow its workforce to 2000 over the next five years.

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