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The Latest Breaking News from PwC

Report Sees Traditional TV Revenue Shrinking as OTT Gains

PwC: Streaming growth shifts from subscriptions to advertising

Multichannel News

APSC considers guidance for staff moving to consultancies

Questions on confidentiality and conflicts of interest are rising to the surface.

The Canberra Times

Nottingham City Council’s spend on single consultancy firm now totals £2m

The Labour-run authority had already approved spending around £1.1m

Nottingham Post

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read the most diverse news in one place.

Michael Pascoe: IKEA and Netflix tax scandal overshadows shameful PwC saga

IKEA and Netflix are just two quick examples of the ongoing, massive and very successful tax minimisation industry here.

The New Daily

Welsh Rugby Union appoints first ever independent chair

Richard Collier-Keywood previous roles include being managing partner of PwC in the UK

Birmingham Post

PwC cops NSW ban as inquiry hears admin work outsourced

Treasury outsourced work on public sector accounting and used consultants for administrative tasks, an inquiry into NSW's $1b outsourcing bill has been told.

The New Daily

Stark asks for more time for special audit report

Stark Corporation has asked the Securities and Exchange Commission (SEC) to delay the deadline for the submission of its special audit report by another 30 days from Friday, but indicated it is prepared to file its 2022 financial statement on July 16, as required by the regulator.

Bangkok Post

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Who needs PwC when consultancy work could be done more efficiently in-house?

The Senate inquiry into the PwC scandal has prompted the New South Wales Legislative Council to launch an inquiry into the NSW government’s use of management consulting services.

The Conversation

PWC banned from future NSW tax advice after scandal

As NSW MPs prepare to examine the $1 billion spent on external advice since 2017, the government has banned PwC from further work on tax matters.

AAP

NSW government temporarily bans all PwC work on tax projects

Inquiry into the state’s use of consultants to examine why local health districts paid firms $124m since 2011

The Guardian - AU

Ruapehu ski fields file for ‘prepackaged liquidation’

A draft report reveals the Govt has already moved to seal the fate of Whakapapa and Turoa, ahead of next week's big creditors' meeting. Andrew Bevin reports.

Newsroom.co.nz

‘Slavish obsession’ with outsourcing and consultants has demoralised public sector: NSW union

Exclusive: A NSW parliamentary inquiry will examine how an operating model based on consultants left the public service ‘infantilised’

The Guardian - AU

Private hands would derail high-speed train

Email letters@newcastleherald.com.au or send a text message to 0427 154 176 (include name and suburb).

Newcastle Herald

Businesses take to the track for Mary Peters Trust Corporate Games

They helped raise £23,000 to support promising young athletes

Belfast Live

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The New Daily

Taxpayers slugged $671m in consultancy costs: Data

Scandal-hit consultancy PwC and other firms have reaped more than $670 million from Victorian taxpayers over the last half decade, new data shows.

The Conversation

Blacklisting PwC won't stop outsourcing: here are 3 reasons it has become embedded in the Australian public service

Labor had pledged to wind back the use of the big four consulting firms by the public service well before the scandal engulfing PricewaterhouseCoopers over the sharing of confidential government information.

The Conversation

How reliance on consultancy firms like PwC undermines the capacity of governments

In the wake of the PwC scandal, there is renewed interest in the work of outside agencies within Australian government.

The Guardian - AU

Senate hears details of PwC attempts to deflect investigations into tax leak scandal

Inquiry told of consultancy’s use of tens of thousands of claims of client privilege to avoid scrutiny

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Reuters

Indonesia's delayed China-funded rail project beset by fresh problems

Indonesia's transport ministry and three consultants have pushed back on a China-funded consortium's plan to start full commercial operations of the country's $7.3 billion first high-speed train service in August, an internal document shows.

The New Daily

Consultancy firms to face scrutiny of Senate inquiry

A Senate inquiry will explore the interaction of consultants and government departments at a public hearing, as the PwC tax advice scandal continues.

The Canberra Times

Calvary acquisition faces its most significant hurdle

A full bench will consider the push for an injunction.

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

The Conversation

Self-interest versus public good: the untold damage the PwC scandal has done to the professions

The unfolding PwC scandal could be considered nothing more than an especially egregious example of ethical failure with dire consequences.

The Guardian - AU

Afternoon Update: Kathleen Folbigg dubbed ‘our Lindy Chamberlain’; Jacinda Ardern becomes a dame; and Barbie film drains world of pink paint

An inquiry heard that Folbigg and her two daughters had rare genetic variation and her son may have died from an underlying disorder

The Conversation

There's more than reputation at stake: PwC faces penalties, including possible jail time

What penalties does the consulting giant PricewaterhouseCoopers face for sharing confidential government tax policy information and (in its words) betraying the public’s trust?

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