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The Latest Breaking News from PwC

Going all-in on cloud could set your business up for AI success

New study finds ROI for AI tools is higher among businesses that have adopted cloud tools already.

TechRadar

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

Westpac axes PwC as embattled firm announces job cuts

Westpac has ended its relationship with external auditor PwC as the under-fire firm continues to face setbacks after a leaking scandal.

AAP

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PwC defends plans to cut 600 jobs rather than bosses’ pay

News come months after PwC revealed more than 1,000 UK partners would be paid £906,000 each

The Guardian - UK

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

Foreign Investment Review Board gives PwC sale approval.

The Canberra Times

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

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.

AAP

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Liquidator could sue reneged Supie investor

Investigations will reveal whether there's legal recourse for defaulting on a $3m commitment. 'Let them sue the investor and get the money,' says corporate lawyer Barry Brown. Jonathan Milne reports.

Newsroom.co.nz

Government grabs more power in Ruapehu liquidation

MBIE has bought up $13m ANZ debt and appointed receivers from Calibre Partners to advance a sale of the ski fields, reports Andrew Bevin.

Newsroom.co.nz

Australian Catholic church’s insurer launches court bid to cover smaller share of abuse compensation

Scandal-plagued PwC would determine payout rates under scheme proposed by Catholic Church Insurance in effort to avoid insolvency

The Guardian - AU

PwC offshoot challenged to prove distance from scandal

The government consultancy offshoot of PwC has been told to prove its distance from the tax advice scandal in order to work on government contracts.

AAP

Australia’s life-saving bone marrow registry needs $13m. Why is red tape holding it up?

The money is there to increase the number of donors to help patients with leukaemia and blood cancers but governments won’t agree to release it, MPs say

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’

The Guardian - AU

PwC partner at centre of tax scandal banned by watchdog

Peter-John Collins has been banned by ASIC from providing financial services for eight years following his role in the PwC tax advice scandal.

AAP

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The Guardian - AU

The office returns: are the days of Australians working from home numbered?

Working remotely during the pandemic disrupted a centuries-old agreement between employers and employees. What now for WFH?

Fortune

AI is top of mind for leaders. Execs discuss the risks

“It's so powerful…it could change the future in a good way or in a bad way,” Mitra Best, partner and technology impact officer at PwC, said during a panel discussion.

The Guardian - UK

More than £2bn of UK foreign climate aid channelled through consultancies since 2010

Findings raise concerns among experts who say climate funding works best when invested directly in local communities

The Guardian - AU

Afternoon Update: Asio urges all parties to tone it down on Middle East; UN staff among those killed in Gaza; and factchecking voice misinformation

Security agency says it has seen direct connections between inflamed language and inflamed community tensions

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news in one place.

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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

AAP

PwC spin-off given go-ahead for government contracts

Scyne Advisory, the spin-off company of PwC's government consultancy arm, has been allowed to work on public sector projects following a department probe.

Evening Standard

Wilko: Final 41 shops to close as 93-year-old chain shuts its doors

It will bring to a close one of the largest high street failures in recent years, with almost all of Wilko’s 12,500 workers being made redundant

The Independent UK

Mapped: Final 41 Wilko stores set to close doors this weekend

Almost all of the chain’s 12,500 workers are being made redundant

Evening Standard

Wilko to shut final shops on Sunday after dramatic collapse

It will bring to a close one of the largest high street failures in recent years, with almost all of Wilko’s 12,500 workers being made redundant

The Independent UK

Wilko: What went wrong and will we ever see it on high streets again?

The PA news agency looks at what led to Wilko’s collapse and what the future could still hold for the company.

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