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The Latest Breaking News from PwC

Tax changes flagged to bolster system integrity

The Albanese government has announced a consultation process as part of its tranche of reforms to strengthen integrity and accountability in the tax system.

AAP

Mental health app that cost Australian taxpayers $33m did not result in ‘clinical outcomes’, study finds

Independent review raises questions on value for money achieved from scrapped Project Synergy app, which is part-owned by PwC and the University of Sydney

The Guardian - AU

PwC employees cheating on tests in China just cost the auditing firm $7 million in U.S. fines

U.S. regulators alleged that PwC's employees in mainland China and Hong Kong shared answers on exams meant to test knowledge of U.S. auditing practices.

Fortune

From analysis to the latest developments in health,
read the most diverse news in one place.

Fancy a life of misery? We’ve just the degree for you!

Studying sociology, politics or the creative arts may well make you unhappy. But it’s not necessarily a bad choice, writes Zing Tsjeng

The Guardian - UK

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.

AAP

Palantir Technologies (PLTR) vs. The Descartes Systems (DSGX): Selecting the Better Software Investment

With digital transformation gaining traction worldwide and rising demand for software solutions, the industry’s prospects appear promising. Software stocks, Palantir Technologies (PLTR) and Descartes Systems (DSGX) should benefit from the industry tailwinds. However, which of these stocks is a better investment? Read more to find out.

StockNews.com

Ladbrokes-owner Entain settles Turkish bribery inquiry; Amazon Black Friday protests– as it happened

Rolling coverage of the latest economic and financial news, as strikes take place at Amazon’s Coventry warehouse, and at sites in Germany

The Guardian - UK

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Fresh China questions for Cameron as video shows him praising port project

Former PM seen quoting from Chinese-funded study in support of Sri Lankan development

The Guardian - UK

From ‘crazy’ to Walkley: Australian Financial Review’s PwC tax leaks scoop takes top journalism prize

Edmund Tadros and Neil Chenoweth take home Gold Walkley while eight women honoured for outstanding contributions. Plus: Crikey job cuts

The Guardian - AU

Highest paid graduates are some of the saddest, study finds

Graduates with degrees in Celtic studies or sports science report being the most content with their lives, even though their wages placed them in the bottom ten earners.

The Independent UK

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

Politics with Michelle Grattan: Greens Barbara Pocock on the quest for greater transparency

Greens Senator Barbara Pocock – who has a background in economics and industrial relations and formerly worked at the Reserve Bank, in the federal public service and as an academic – has been in parliament only since the 2022 election, But she has already made a mark.

The Conversation

Consultants to face anti-corruption commission grill

The head of Australia's anti-corruption commission says government consultants - like those at PwC - should expect a visit from his organisation.

AAP

Analysts split on whether 2023 will bring booming Black Friday sales

Eye-catching discounts are everywhere in the lead up to Black Friday—and they're especially enticing to shoppers amid a cost-of-living crisis.

Fortune

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news in one place.

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The Guardian - UK

Friday briefing: How Russian oligarchs use Cyprus to shield assets from sanctions

In today’s newsletter: A new investigation from the Guardian and others reveals the big ways the small island can help the wealthy avoid scrutiny

The Independent UK

Black Friday spending in UK expected to fall by almost a quarter – research

Accounting firm PwC anticipates shoppers will spend £5.6 billion on deals this year, down from £7.1 billion last year.

AAP

Tax avoidance crackdown en route after PwC scandal

Legislation is set to hit parliament that would give regulators more strength to tackle dodgy tax consultants with bigger punishments after the PwC scandal.

The Guardian - UK

HP disputed with auditors whether Lynch fraud behind $5bn of Autonomy writedown, filing says

Documents submitted to US court in case over allegations founder duped HP into overpaying for software firm

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news in one place.

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Fortune

Could CPAs telling their stories be the key to attracting Gen Zers to accounting? A PwC vice chair thinks so

”Whether it be sustainability, or AI, the future of what we do is really exciting," Kathryn Kaminsky says.

Evening Standard

UK spending for Black Friday forecast to fall to £5.6 billion with purse strings tighter this year

A survey by PwC suggests that interest in Black Friday has waned amid cost of living pressures

The Guardian - AU

Morning Mail: social cohesion hits 16-year low, Russian oligarch asset flight, Braverman hits back at Sunak

Index shows cost of living is placing a strain on Australian togetherness, while our podcast asks how banks are still making big profits despite the pressure

The Guardian - UK

PwC Cyprus moved £1bn for Russian tycoon on day he was put under sanctions

Leaked files raise questions over timing of deal as government of Cyprus reveals ‘ongoing’ criminal investigation

The Guardian - AU

Firms that donate to political parties twice as likely to win government contracts, analysis finds

Transparency group says donating companies should be banned from government contracts but constitutional expert disagrees

TechRadar

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.

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

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