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The Latest Breaking News from PwC

AFP investigating former PwC executive over using confidential Treasury information

The Australian Federal Police (AFP) launches a criminal investigation into a former executive of consulting firm PwC, after he used confidential Treasury information to benefit the firm's client base.

ABC News

Big four’s vicious $4bn circle of government contracts and political donations

The Centre for Public Integrity has released a report on this co-dependent culture as pressure builds for action against consultancies playing on both sides of the fence.

Crikey

Morning Mail: PwC warning, Rolf Harris dies, Lidia Thorpe hits out at ‘deceptive’ quotes

Consultancy firm used confidential information to seek more government work; disgraced entertainer dies aged 93; senator brands use of her image ‘underhanded’

The Guardian - AU

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South West cities dominate PwC’s Good Growth for Cities Index top five

The report found that people are prioritising work-life balance more as post-pandemic changes to working patterns offer more flexibility

Birmingham Post

Global city index sees Edinburgh, Glasgow and Aberdeen move up rankings

SCOTLAND’S biggest cities have moved up a UK-wide league table, which charts a basket of broad economic measures...

The National (Scotland)

West Midlands cities rank above UK average for work-life balance and income - report

The 'Good Growth for Cities Index' examines issues such as commuting times, number of business start-ups and housing

Birmingham Post

TWU demands Qantas pay back $2.7 billion pandemic relief as airline sees record annual profit, ASX edges lower on US debt talks — as it happened

The Transport Workers Union is calling on Qantas to repay $2.7 billion in government handouts it got during the COVID-19 pandemic as the airline forecasts what the union calls an "obscene" record annual profit. And the Australian share market runs out of steam as US debt ceiling talks drag on.

ABC News

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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

Government eyes tougher response to PwC scandal

The federal government remains under pressure to ban contracts with consultancy giant PwC after the firm leaked confidential government information to clients.

AAP

Morning Mail: Supermarkets profiteering claim, jobs growth welcomed, the battle for Bakhmut

Big supermarkets increased margins on food through the pandemic and cost-of-living crisis; Labor celebrating strong jobs growth; Ukraine rejects Russian claims to have captured Bakhmut

The Guardian - AU

Consultants like PwC are loyal to profit, not the public. Governments should cut back on using them

The PwC scandal reveals appalling behaviour by an individual consultant and his company that provided consulting services to the federal government.

The Conversation

Future of Finance: PwC’s Oliver on how 'fintech is becoming crypto'—and approaching the point where 'there is no paper money'

The PricewaterhouseCoopers partner also said that when the dust finally settles, most of the biggest names in finance won’t be going anywhere.

Fortune

The who, what, when, where and why (oh why) of PWC’s tax leak scandal

Confused about what’s involved in PwC’s tax leak scandal? Crikey makes sense of the revolving saga.

Crikey

Doubts over whether federal anti-corruption body could investigate PwC scandal

Legal experts say those at the heart of the allegations could escape the Nacc’s scrutiny on a technicality

The Guardian - AU

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Newsroom.co.nz

NZ 'too small' for PwC-style tax rort

Despite the tax advice scandal rocking the Australian business community, experts say the symbiotic relationship between the big four accounting firms and the New Zealand Government is apparently no cause for concern.

Evening Standard

How the Marandis became the most connected couple in London

After the Standard revealed links between Javad Marandi and a ‘dirty money probe’, Katie Strick tells the story of the rise of a tycoon

The Conversation

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 Guardian - AU

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

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Crikey

PwC walked a crooked mile — but not alone. The whole ecosystem needs fixing

Firms involved in audit, taxation, financial planning and the like should face severe fines to deter them from even thinking of going astray.

The New Daily

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 Guardian - AU

‘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

Crikey

PwC should’ve known when to shut up

As consulting giant PwC Australia’s reputation continues to spiral, one question stands out: what was it thinking?

Evening Standard

Apprenticeships: I wanted to be successful and have hands-on experience

Two young apprentices talk about forging ahead in the world of work

Fortune

Are CEOs ready for the EU's coming ESG disclosures?

The EU will force large, listed companies with headquarters or subsidiaries in the region to disclose a broad set of ESG metrics by 2025.

Evening Standard

Apprenticeships have come of age

More parents are being persuaded by the earn-while-you-learn option

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