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The Latest Breaking News from PwC

ANZ profit falls as mortgage wars hit big four banks

The ANZ bank has joined the rest of the big four in recording a fall in annual profit, as a result of ongoing mortgage competition and high inflation.

AAP

Australian federal police begin search of PwC headquarters amid tax leaks scandal

Chief executive says company is cooperating with the investigation, which is related to individuals who have left the firm

The Guardian - AU

PWC Jackass Knocks Fisherman Off His Boat, Immediately Gets Arrested

Listen, we all do what we do because we love it. Riding bikes, quads, PWCs, and all other sorts of powersports vehicles is tons of fun, and is one of the most awesome things known to man. But of course, as is the case with all things in life, there’s…

RideApart

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read the most diverse news in one place.

The ‘big 4’ accounting firms often consult for the same clients they audit. Should that be allowed?

Public trust in the auditing profession is under intense pressure. A series of high-profile scandals, both in Australia and overseas, has severely damaged its reputation.

The Conversation

EXCLUSIVE: HAQQ Network Co-Founder Discusses Asia's Rising Role In Global Crypto Adoption

Asia's crypto space has evolved significantly in recent years as more countries work toward broader adoption, and even as challenges remain for mass adoption, the region's role in the global stage of cryptocurrencies can no longer be denied.

International Business Times

Deloitte cuts 250 UK jobs amid slowdown for consulting giants

A person familiar with the matter said the cuts are part of a ‘performance management’ process at the company.

Evening Standard

Labor wants multinationals to reveal their worldwide income for tax purposes. That plan is under attack

Government says it is untenable for companies to self-declare what financial information is too commercially sensitive to be made public

The Guardian - AU

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European IPO activity falls by more than 90% in third quarter

Europe saw 8 IPOs raising just €0.3 billion (£250 million), a fall of €3.3bn compared to the same period last year

Evening Standard

Security threats are more pressing than ever for business leaders, with cloud worries taking top spot

Executives have never been this worried, yet this unprepared, about cybersecurity.

TechRadar

Working in the office 5 days a week to build company culture is a myth, PwC report says

Amazon has become the latest firm to end working from home in the name of company culture—a PwC reports suggests it could have the opposite effect.

Fortune

Ancient Scandinavians likely used animal skin boats to hunt and trade, study finds

Ancient people were one of Scandinavia’s first seafaring societies, study says

The Independent UK

People in Scandinavia may have used boats made of animal skins to hunt and trade 5,000 years ago

The people who created the Pitted Ware Culture may have used seal hides to build boats.

LiveScience

Elon Musk faces moment of truth in Europe as buyers turn their backs on Tesla

September is a crucial month that could determine if Tesla can claw back recent losses in Europe or whether rivals like BMW can hold onto their gains.

Fortune

China gives PwC record £47m fine and six-month ban over Evergrande

Accountancy firm accused of issuing false audits says it has sacked six partners and five other staff have left

The Guardian - UK

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International Business Times

China Bans PwC For Six Months Over Evergrande Audit

Accountancy giant PwC was banned in China Friday for six months and slapped with a fine of $62.2 million over problems with its audit of beleaguered property company Evergrande.

The Independent UK

China hands PwC a 6-month ban and fine over audit of the collapsed developer Evergrande

Chinese authorities have banned the accounting firm PwC for six months and fined it over $56 million for its involvement in the audit of collapsed local property developer Evergrande

The Guardian - UK

Chemist, pub and bank closures lead to 2,300 more empty UK stores, survey finds

Worst net closures so far this year are on high streets, while retail parks and shopping centres fare better

International Business Times

Accounting Firm To Monitor Employees Using Location Tracker To Ensure In-Office Attendance

PwC UK will start monitoring employee office attendance as part of its efforts to encourage more in-person work.

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news in one place.

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International Business Times UK

'Big Firm' To Monitor Employees Using Location Tracker To Ensure In-Office Attendance

In January, PwC UK will start monitoring employee office attendance as part of its efforts to encourage more in-person work.

Newcastle Herald

Why young professionals no longer need to leave Newcastle to thrive

'We've passed the threshold vacuum in several sectors.'

The National (Scotland)

Scottish city set to grow faster than UK average, report finds

A SCOTTISH city is set to grow faster than the UK average over the next two years.

The Guardian - UK

Santander to insist UK workers are in office three days a week

About 1,000 of those affected work in London and 4,500 at the bank’s new Milton Keynes headquarters

The Independent UK

PwC to track workers’ locations as it orders more time be spent in office

Hybrid working saw a massive post-Covid rise – but more employees are cracking down

Fortune

PwC is ‘tipping the balance’ of hybrid working and will start tracking their workers’ locations

PwC has demanded staff spend less time working from home—and it’s going to start tracking their location to ensure they comply.

The Guardian - UK

PwC to start tracking working locations of all UK employees

Accounting firm tells its 26,000 workers move is to ensure workers spend ‘minimum of three days a week’ in office

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