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The Latest Breaking News from PwC

U.S. Audit Watchdog to Start New Round of Inspections in Hong Kong

Reviews will involve work of EY, Deloitte, PwC and others in HK and on mainland with officials from CSRC and Finance Ministry assisting

Caixin Global

Northern Territory government could be first buyer of Beetaloo gas, as Blacktip supply issues bite

A gas company looking to develop the Beetaloo Basin says the Northern Territory government could be one of its first customers for fracked gas.

ABC News

How does Oscars voting work? This is how winners are decided

The road to an Oscar winds through a long awards season, which finally culminates Sunday at the Academy Awards

The Independent UK

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PwC finds South West now second best place in the UK for women in the workplace

The region had been ranked as the best place in the country for women to work by the accounting firm for three consecutive years

Birmingham Post

PwC fined £5.6m over ‘serious breaches’ in audits of defence firm Babcock

The accounting regulator has severely reprimanded two former partners at the firm

Birmingham Post

PwC fined for Babcock audit failings including creating false record

UK regulator says breaches found in ‘every area’ looked at in relation to audit of engineering firm’s accounts

The Guardian - UK

Accounting watchdog fines PwC over audits of defence firm Babcock

The Big four auditor will pay £5.62 million

Evening Standard

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Wednesday briefing: Five key issues facing women – from misogyny to the ‘motherhood penalty’

In today’s newsletter: While the fight for gender parity continues – in the workplace, the home, healthcare and beyond – we survey today’s key stories about women’s issues

The Guardian - UK

A sick child means a £700 hole in our budget: that’s the reality of life as a working parent

The UK’s woeful nursery provision hurts everyone, from parents and children to the wider economy, says writer and editor Lucy Pasha-Robinson

The Guardian - UK

Gender pay gap increases as men now earn 14.4% more than women in UK

It will now take more than 50 years to reach gender pay parity

Wales Online

UK women priced out of work by lack of affordable childcare, PwC finds

Pressure builds for childcare help in budget as Britain slips down global league table for women in work

The Guardian - UK

UK gender pay gap widens as childcare costs worsen ‘motherhood penalty’

The nation’s average pay gap widened by 2.4 percentage points to 14.4% in 2021, accountancy giant PwC found in its Women in Work index.

The Independent UK

West Midlands retail closures highest in Britain

But a new report by PwC also says that last year the actual rate of shutdowns in the region was its lowest since 2018.

Birmingham Post

Leicester, Nottingham and Derby shop closures slowing

Sector partly helped by a bounce-back in businesses such as takeaways, convenience stores, DIY and pet stores

Birmingham Post

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Birmingham Post

Decline in North East retail slows with lowest shop closures for six years

Data from PwC and the Local Data Company a net closure rate of 122 in 2022

Evening Standard

Lowest rate of store closures since 2014 as post-Covid physical retail recovery picks up

In greater London last year there were 1208 store openings, compared with 1857 closures, which is an improvement on each of the prior two years

Insider UK

Scotland sees lowest rate of store closures in seven years

Fewer retailers shut up shop here than almost anywhere else in Great Britain last year

The Guardian - UK

China instructs state firms to phase out big four auditors

Firms urged to allow contracts with Deloitte, KPMG, EY and PwC to expire

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Evening Standard

Exclusive: Free school meals for all primary school pupils in London, says Mayor, in victory for our special investigation

Exclusive: Mayor to announce £130m package after the Evening Standard’s School Hunger Special Investigation

The Independent UK

Free school meals for every primary school pupil in London as Sadiq Khan unveils £130m scheme

Victory for Independent campaign as mayor of London pledges to help poorer families

Insider UK

Investigation into PwC audit of collapsed shopping centre group Intu

Accountancy giant says it will cooperate fully with Financial Reporting Council

Birmingham Post

Investigation launched into PwC audit of failed shopping centre group Intu

A probe has been launched into the accounting giant's auditing of Intu accounts for the years 2017 and 2018

ABC News

ATO says millions in annual tax could have been lost due to PwC confidentiality breaches

Overseas clients of consulting firm PricewaterhouseCoopers stood to benefit financially after a man privy to Treasury consultations shared confidential meeting details.

Radio France Internationale

European court recognises French whistleblower behind LuxLeaks case

A French accountant who helped reveal tax breaks for multinational companies in Luxembourg in a scandal known as "LuxLeaks" has won the right to be recognised as a whistleblower at Europe's top rights court.

Reuters

European court rules in favour of whistleblower in Luxembourg leaks case

The European Court of Human Rights on Tuesday ruled in favour of a former employee of accounting firm PwC, saying his 2016 conviction for leaking data about Luxembourg's tax deals with large corporations violated his right to freedom of expression.

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