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The Latest Breaking News from PwC

NSW plans to introduce $5.5m fines for tax leaks following federal PwC scandal

Exclusive: Bill seeks to combat breaches of government information, with maximum penalty of $1.1m for individuals and $5.5m for corporations

The Guardian - AU

9 disastrous rebrands, from WH Smith to Royal Mail

As the retailer moves into a new era, we look back at other marketing fails

The Independent UK

University of Sydney urged to ‘come clean’ on payment to company it part-owns with PwC

Greens say the university’s payment to Innowell is a ‘scandal’ and shows the need for an overhaul of uni governance

The Guardian - AU

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Company insolvencies in England and Wales jump to 14-year high

Insolvency Service data revealed that there were 6,342 company insolvencies over the three months to June 2023.

The Independent UK

University of Sydney paid company it part-owns for mental health app and used students’ data for research

Exclusive: University of Sydney is a major shareholder in Innowell Pty Ltd, which developed the app

The Guardian - AU

NSW Greens call for more transparency over settlement between PwC and ATO

Claim was not related to scandal involving misuse of confidential government tax plans, ATO says

The Guardian - AU

Morning Mail: supermarkets’ ‘cosy’ duopoly, Kevin Spacey cleared, Sinéad O’Connor dies

Exclusive shows Coles and Woolworths have fattened profits compared with UK peers, music world mourns Irish singer, and Kevin Spacey cleared

The Guardian - AU

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NSW police taskforce to investigate spate of shootings – as it happened

Follow live news updates today

The Guardian - AU

22 years after the $63 billion Enron collapse, a key audit review board finds the industry in a 'completely unacceptable' state

In 2001, the Big Five became the Big Four, and now the PCAOB again finds "audit quality is moving in the wrong direction"—a 40% error rate.

Fortune

PwC promoted firm it part-owned in ‘independent’ mental health report for Australian government

Exclusive: Report referenced key findings from trials by Innowell, in which PwC had a 45% shareholding

The Guardian - AU

PwC tax leak made it harder for Australian firms to win government IT contracts, Senate hears

Vault Cloud CEO tells inquiry whole-of-government tech contracts rigged in favour of multinationals

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

The Guardian - AU

Turnbull government’s $33m grant went to company part-owned by mental health commissioner after lobbying

Exclusive: Funding to Innowell in 2017 without competitive tender was for mental health app and followed months of lobbying by Prof Ian Hickie. There is no suggestion of wrongdoing by Hickie

The Guardian - AU

Essential poll: sizeable support for Daniel Andrews’ decision to scrap Commonwealth Games

Almost 60% of people support players receiving equal pay in the Women’s World Cup

The Guardian - AU

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TechRadar

Data stolen in MOVEit breach leaked by notorious ransomware gang

Russian ransomware group Clop is estimated to make up to $100 million from its MOVEit campaign.

The Conversation

It's not just tax. How PwC, KPMG and other consultants risk influencing public health too

Concerns about the use of private consultancy firms advising government – such as PwC, KPMG, Deloitte and EY – has led to a Senate inquiry.

The Conversation

My 3-point plan to untangle the public service from consultants such as PwC

This week the Albanese government produced a detailed breakdown of the A$3 billion it plans to save over four years by cutting the use of outsourced labour and consultants.

AAP

PwC partner wins injunction over retirement move

A partner of PwC is taking the embattled consultancy giant to court over his forced retirement after an investigation into misuse of confidential information.

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news in one place.

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The Guardian - AU

PwC-backed mental health platform was scrapped after $33m government trial launched without open tender

Experts call for transparency over grant awarded to Innowell, whose platform is no longer used by the federal health department

The Guardian - AU

Daniel Andrews’ $7bn Commonwealth Games price tag doesn’t add up, expert says

Grattan Institute analyst says ‘the supply and cost inflation can’t fully account for this massive increase in costs’

The Guardian - AU

Afternoon Update: Albanese talks tough on voice; Big W removes sex book after staff abused; and new development in Tupac’s murder

Prime minister says it is ‘dumb’ to expect change without Indigenous voice

The Guardian - AU

Public servants complained about PwC ‘spamming’ them with unsolicited work offers, emails reveal

Correspondence released by agriculture department shows level of discomfort among officials about embattled firm’s efforts to land new contracts

The Guardian - AU

EY chief blasts PwC Australia for ‘disturbing and disappointing’ tax leak scandal

In Senate inquiry, David Larocca seeks to distance EY from PwC scandal but faces criticism for not providing more information about business

AAP

Consultancy workplace culture 'not perfect': EY chief

One of the big four consultancy firms says workplace culture needs to change, as a parliamentary committee probes the embattled sector.

Fortune

‘I’m incredibly privileged’: Deloitte Australia’s CEO says he’s not worth his $2.3 million pay package at public hearing

Adam Powick admitted to being overpaid at a public hearing that is part of a larger inquiry into the integrity of consulting firms following a tax scandal at PwC.

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