• Will the big consultancies finally pay the price? | Fiona Katauskas

    Will the big consultancies finally pay the price? | Fiona Katauskas
    Depends if you believe in fairy talesSee more of Fiona Katauskas’s cartoons here Continue reading...
  • The PwC scandal put the big four in the spotlight – but hyper-corporate capitalism remains untouched | Ian Gow and Stuart Kells

    The PwC scandal put the big four in the spotlight – but hyper-corporate capitalism remains untouched | Ian Gow and Stuart Kells
    Australia should be working with like-minded countries to design and build a new architecture of corporate oversight and integrityThe “big four” accounting firms – PwC, Deloitte, EY and KPMG – have long played a critical role in capitalism with their collective monopoly on audits of the financial reports of large corporations in every major jurisdiction around the world.With a combined total of well over a million employees, they are major players in a variety of business
  • The PwC scandal sparked scrutiny of advisory firms. Is Australia’s consulting sector about to see a reckoning?

    The PwC scandal sparked scrutiny of advisory firms. Is Australia’s consulting sector about to see a reckoning?
    Accountability and regulation are set to be prominent as the federal inquiry releases its final report on WednesdayGet our morning and afternoon news emails, free app or daily news podcastA federal inquiry is due to release its final report into consulting services on Wednesday in long-awaited findings that could redefine how the sector operates in Australia in the wake of the PwC tax leaks scandal.The parliamentary committee is set to address issues of accountability and regulation in its recom
  • ‘Big four’ accountancy firms PwC and EY fined over LC&F audit failures

    ‘Big four’ accountancy firms PwC and EY fined over LC&F audit failures
    Firms fined millions after London Capital & Finance’s 2019 crash wiped out customers’ savings“Big four” accountancy firms PricewaterhouseCoopers and EY have been fined a combined £9.3m for a series of failures in auditing the accounts of London Capital & Finance, the collapsed mini-bond firm that wiped out the investments of thousands of savers.It concludes a near four-year investigation by the Financial Reporting Council (FRC) into how auditors breached the
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  • ‘Incredible failure’: KPMG rejects claims it assessed ‘the wrong company’ before $423m payment to Paladin

    ‘Incredible failure’: KPMG rejects claims it assessed ‘the wrong company’ before $423m payment to Paladin
    Exclusive: Firm’s denial comes after weeks of intense criticism, including accusations that it misled parliament • Get our morning and afternoon news emails, free app or daily news podcastConsultancy firm KPMG Australia has rejected claims it conducted due diligence on “the wrong company” before the federal government gave nearly half a billion dollars to a controversial company with no track record.The firm’s objection to comments by a member of a Senate inquiry exa
  • EY Oceania accused of potential conflict of interest over government contracts on climate policy

    EY Oceania accused of potential conflict of interest over government contracts on climate policy
    Exclusive: consultancy firm supported oil and gas industry lobbying while being paid for independent advice on Albanese’s signature climate policyFollow our Australia news live blog for latest updatesGet our morning and afternoon news emails, free app or daily news podcastConsultancy firm EY Oceania was supporting the oil and gas industry’s lobbying efforts while being paid by the federal government for independent advice on its signature climate policy and gas emissions.The firm, wh
  • Morgan Stanley and Allen & Overy helping oligarch’s efforts to seize Russian oil firm

    Exclusive: Sergey Kolesnikov has supplied building materials to Russian military and for use in occupied UkraineAn oligarch who has supplied building materials to the Russian military machine and for construction in occupied areas of Ukraine is being assisted by Morgan Stanley and Allen & Overy in his attempt to gain control of a huge Russian oil asset, the Guardian can reveal.Sergey Kolesnikov, originally from Russia but now a Maltese citizen under its “golden passport” scheme i
  • Watchdog investigates accountant at bankrupt Thurrock council

    Financial Reporting Council looking into compliance of ex-official at council that ran up £500m deficitThe UK’s accounting watchdog has launched an investigation into an accountant at Thurrock council after the Conservative-run local authority’s failed investment spree landed it in effective bankruptcy.The Financial Reporting Council (FRC) said its move related to an individual’s compliance with governance, reporting, regulations and professional standards at the Essex co
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  • FBI to help Cypriot police investigate sanction-busting for Russian oligarchs

    Agents will explore how lawyers and accountants in Cyprus helped shield assets of Kremlin-linked business peopleFBI agents tasked with investigating sanctions-busting have been dispatched to Cyprus as the global crackdown against Russian oligarchs, and the web of enablers who have helped hide their wealth, intensifies.The 24-strong team was expected to start “assisting Cypriot police” with immediate effect after arriving on the eastern Mediterranean island late Sunday. Continue readi
  • MPs condemn payment of millions to consultants over federally funded grant schemes

    Politicians and union say assessment of applications should no longer be outsourced to private companiesGet our morning and afternoon news emails, free app or daily news podcastConsultants have been paid millions of dollars to help design federally funded grant schemes and assist in assessing applications to such programs, drawing bipartisan rebuke from MPs concerned about potential conflicts of interest.The politicians and a union believe the assessment of grant applications is “core work
  • EY fired Australian partner accused of promoting tax minimisation scheme, letter published by Senate inquiry reveals

    The former partner is accused of receiving more than $700,000 in unauthorised payments from clients, letter saysFollow our Australia news live blog for latest updatesGet our morning and afternoon news emails, free app or daily news podcastConsulting giant EY fired an Australian partner accused of promoting a tax minimisation scheme and receiving more than $700,000 in unauthorised payments from clients, according to a letter published by a Senate inquiry.According to the letter, EY was aware of t
  • PwC Cyprus moved £1bn for Russian tycoon on day he was put under sanctions

    Leaked files raise questions over timing of deal as government of Cyprus reveals ‘ongoing’ criminal investigationOne of the world’s biggest accountancy firms helped Russia’s “richest” oligarch attempt to transfer £1bn in a public company on the day he was placed under EU sanctions, leaked documents suggest. The disclosure raises serious questions about the role played by PwC Cyprus in a potential sanctions breach.Details of the blue-chip accountant&rsquo
  • PwC defends plans to cut 600 jobs rather than bosses’ pay

    PwC defends plans to cut 600 jobs rather than bosses’ pay
    News come months after PwC revealed more than 1,000 UK partners would be paid £906,000 eachPwC’s chairman has defended plans to cut up to 600 jobs rather than cut partner pay amid a slowdown in client demand, saying it was important to offer “competitive” pay packages to senior staff.The accounting and consultancy firm said it was trying to right-size the business following weaker growth, rising costs and a drop in the number of employees quitting on their own accord, in
  • KPMG lodges complaint after AI-generated material was used to implicate them in non-existent scandals

    KPMG lodges complaint after AI-generated material was used to implicate them in non-existent scandals
    Senate inquiry into Australian consultancy industry concedes its integrity has been undermined by reliance on case studies generated by Google Bard AI toolFollow our Australia news live blog for latest updatesGet our morning and afternoon news emails, free app or daily news podcastA Senate committee has warned artificial intelligence may have seriously undermined its integrity, after consultancy giant KPMG lodged an official complaint about factually inaccurate information receiving parliamentar
  • Australian academics apologise for false AI-generated allegations against big four consultancy firms

    Australian academics apologise for false AI-generated allegations against big four consultancy firms
    Case studies created by Google Bard AI as part of submission to parliamentary inquiry proven to be factually incorrectGet our morning and afternoon news emails, free app or daily news podcastA group of academics have agreed to offer an unreserved apology to the big four consultancy firms after admitting they used artificial intelligence to make false allegations of serious wrongdoing in a submission to a parliamentary inquiry.The accusations have been met with scorn by the firms, concerned that
  • Bleak day for UK jobs as firms including Rolls-Royce and KPMG plan to cut 4,000 roles

    Bleak day for UK jobs as firms including Rolls-Royce and KPMG plan to cut 4,000 roles
    British jet engine maker to cut workforce as Swedish electric truck firm Volta files for bankruptcyBusiness live – latest updatesMore than 4,000 jobs have been put at risk by big employers including the UK jet engine maker Rolls-Royce, the consultancy KPMG and the Swedish electric truck firm Volta on a dark day for British industry.Rolls-Royce plans to cut up to 2,500 jobs as part of a move to a simpler organisation “that is fit for the future”, according to its new chief execu
  • Rolls-Royce, KPMG and others put more than 4,000 jobs at risk

    Rolls-Royce, KPMG and others put more than 4,000 jobs at risk
    British jet engine maker to cut workforce as Swedish electric truck firm Volta files for bankruptcyBusiness live – latest updatesMore than 4,000 jobs have been put at risk by big employers including the UK jet engine maker Rolls-Royce, the consultancy KPMG and the Swedish electric truck firm Volta on a dark day for British industry.Rolls-Royce plans to cut up to 2,500 jobs as part of a move to a simpler organisation “that is fit for the future”, according to its new chief execu
  • Carillion and the government’s shameful inertia on reform | Nils Pratley

    Carillion and the government’s shameful inertia on reform | Nils Pratley
    Outsourcer’s collapse revealed disgraceful failures at auditor KPMG, yet six years on where is tough new regulator we were promised?Even at the distance of half a decade, the chaotic collapse of Carillion shocks. One of the country’s biggest construction and contracting firms, embedded in schools and hospitals, failed with liabilities of £7bn and just £29m in cash. The company’s pension schemes were underfunded. Almost 3,000 employees lost their jobs and the implosi
  • Carillion and the government’s shameful inertia on reform

    Carillion and the government’s shameful inertia on reform
    The outsourcer’s collapse revealed disgraceful failures at its auditor, KPMG, yet six years on where is the tough new regulator we were promised?Even at the distance of half a decade, the chaotic collapse of Carillion shocks. One of the country’s biggest construction and contracting firms, embedded in schools and hospitals, failed with liabilities of £7bn and just £29m in cash. The company’s pension schemes were underfunded. Almost 3,000 employees lost their jobs an
  • KPMG boss says Carillion auditing was ‘very bad’ as firm is fined record £21m

    KPMG boss says Carillion auditing was ‘very bad’ as firm is fined record £21m
    Jon Holt says some employees ‘simply didn’t do their job properly’ in run-up to one of UK’s biggest corporate failuresThe UK boss of KPMG has said he “simply cannot defend” the firm’s auditing work on the failed government contractor, Carillion, describing it as “very bad,” as the accounting giant was hit with a record £21m fine by Britain’s accounting watchdog.The fine comes almost six years after the outsourcing firm collapsed w
  • KPMG fined record £21m over Carillion audit failures

    KPMG fined record £21m over Carillion audit failures
    Collapse of construction and building services firm in 2018 prompted root and branch review of auditing standardsBritain’s accounting regulator has fined KPMG a record £21m for audits of Carillion, the builder that imploded in 2018 and prompted a root and branch review of auditing standards.“The number, range, and seriousness of the deficiencies in the audits of Carillion during the period leading up to its failure was exceptional and undermined that credibility and the public
  • KPMG boss says auditing of Carillion was ‘very bad’ as firm is fined record £21m

    KPMG boss says auditing of Carillion was ‘very bad’ as firm is fined record £21m
    Jon Holt says some employees ‘simply didn’t do their job properly’ in run-up to one of UK’s biggest corporate failuresThe UK boss of KPMG has said he “simply cannot defend” the firm’s auditing work on the failed government contractor, Carillion, describing it as “very bad,” as the accounting giant was hit with a record £21m fine by Britain’s accounting watchdog.The fine comes almost six years after the outsourcing firm collapsed w
  • Boss says KPMG’s auditing of Carillion was ‘very bad’ as firm is fined £21m

    Boss says KPMG’s auditing of Carillion was ‘very bad’ as firm is fined £21m
    Jon Holt says some employees ‘simply didn’t do their job properly’ in run-up to one of UK’s biggest corporate failuresThe UK boss of KPMG has said he “simply cannot defend” the firm’s auditing work on the failed government contractor, Carillion, describing it as “very bad,” as the accounting giant was hit with a record £21m fine by Britain’s accounting watchdog.The fine comes almost six years after the outsourcing firm collapsed w
  • PwC Australia blocked from breaking up business by global management in 2018, Senate inquiry hears

    PwC Australia blocked from breaking up business by global management in 2018, Senate inquiry hears
    Former CEO Luke Sayers says ‘Project Kookaburra’ sought to sell off consultancy business amid concerns about conflicts of interestsFollow our Australia news live blog for latest updatesGet our morning and afternoon news emails, free app or daily news podcastPwC Australia recommended the firm be broken up to avoid conflicts of interest and address concerns about declining audit quality in 2018, but was blocked by the global executive, its former chief executive Luke Sayers has told an
  • PwC expected to face Senate inquiry over alleged wrongdoings as global CEO travels to Australia

    PwC expected to face Senate inquiry over alleged wrongdoings as global CEO travels to Australia
    Labor’s Deborah O’Neill believes visit from Bob Moritz is a ‘PR exercise’ that comes amid fresh allegations against the firmFollow our Australia news live blog for latest updatesGet our morning and afternoon news emails, free app or daily news podcastLeaders of the embattled consulting giant PwC are expected to be called before a Senate inquiry later this month as fresh allegations emerge of more confidentiality breaches.Meanwhile the firm’s global CEO, Bob Moritz,
  • Average income of Deloitte UK partners tops £1m for third year in a row

    Average income of Deloitte UK partners tops £1m for third year in a row
    Payouts rose by 5% after operating profits increased to £756m and pension advisory business was soldThe average income of Deloitte’s more than 640 equity partners in the UK rose to £1.1m this year, despite a recent slowdown in spending and company deals.Deloitte UK said revenue grew 14% to £5.6bn in the year to May, as buoyant markets in the first six months of its financial year bolstered demand for audit and advisory work. It helped offset the “increased caution&r
  • PwC tax leak scandal not isolated to Australia, senators claim

    PwC tax leak scandal not isolated to Australia, senators claim
    Accounting firm says no evidence confidential information used by partners outside Australia for commercial gainGet our morning and afternoon news emails, free app or daily news podcastThe politicians who exposed PwC’s leak of government secrets have claimed the scandal is not isolated to Australia, citing emails that reveal global partners knew they received confidential material and provided assistance.Confirmation that PwC Australia partners shared confidential details about multination
  • PwC’s ‘rainmaker’ partners often pursue profits ahead of ethics, scathing review finds

    PwC’s ‘rainmaker’ partners often pursue profits ahead of ethics, scathing review finds
    Internal review led by former Telstra boss Ziggy Switkowski finds ‘whatever it takes’ culture at accounting firm contributed to serious ethical failure PwC partners who make the firm money are known as “untouchables” and “rainmakers” to whom “the rule don’t always apply”, according to a scathing cultural review that confirms the pursuit of profit often outweighed ethical responsibilities.The review by former Telstra boss, Ziggy Switkowski, fo
  • Poundland moves to buy 71 Wilko sites with possible jobs guarantee for staff

    Poundland moves to buy 71 Wilko sites with possible jobs guarantee for staff
    PwC says owner plans to reopen stores under Poundland brand throwing lifeline to as many as 1,800 staffPoundland is to acquire up to 71 Wilko sites that it intends to reopen under its own brand in a deal that could throw a lifeline to some of the about 1,800 staff who will lose their jobs at the stricken retailer.Under the deal struck by administrators PricewaterhouseCoopers (PwC) with Poundland’s parent company Pepco, the sites will be acquired only after all 408 Wilko stores are shut and
  • PwC partners to be paid £906,000 this year

    PwC partners to be paid £906,000 this year
    Payment is a slight fall on last year’s £1m record as profits fall despite rising revenuesBusiness live – latest updatesPartners at the UK division of “Big Four” accounting firm PwC will be paid £906,000 this year, a slight fall on last year’s record payout as profits fell despite rising revenues.Unaudited accounts released by the company showed that PwC’s UK profit fell from £1.5bn to £1.3bn in 2022, although last year’s figure w
  • Conflict of interest or a very cunning plan? | Fiona Katauskas

    Conflict of interest or a very cunning plan? | Fiona Katauskas
    The consultancy business model is catching onContinue reading...
  • Labor launches crackdown on tax adviser misconduct following PwC scandal

    Labor launches crackdown on tax adviser misconduct following PwC scandal
    Government says it will increase penalties for promoting tax avoidance schemes and bolster regulators’ powers Follow our Australia news live blog for latest updatesGet our morning and afternoon news emails, free app or daily news podcastPenalties for promoting tax avoidance schemes will be increased tenfold and financial regulators will get much stronger powers as the federal government seeks to fix “severe shortcomings” in the nation’s financial systems exposed by the Pw
  • PwC scandal: PwC Australia reached confidential settlement with ATO months before tax scandal fallout revealed

    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 AFPEmbattled consultancy firm PwC Australia reached a settlement with the Australian Tax Office months before the true scale of a scandal involving the misuse of confidential tax policy was publicly revealed.Details of the settlement and the events that triggered it are not known and would not be divulged by PwC, but the timing of the deal has led the NSW
  • PwC scandal: PwC Australia reached confidential settlement with ATO months before tax scandal became public, documents reveal

    PwC scandal: PwC Australia reached confidential settlement with ATO months before tax scandal became public, documents reveal
    Embattled consultancy would not reveal details of deal, which was struck two months before the federal government referred the matter to the AFPEmbattled consultancy firm PwC Australia reached a settlement with the Australian Tax Office months before the true scale of a scandal involving the misuse of confidential tax policy was publicly revealed.Details of the settlement and the events that triggered it are not known and would not be divulged by PwC, but the agreement was struck in March, two m
  • Corbyn and Reeves among MPs who used expenses to claim accountancy advice

    Corbyn and Reeves among MPs who used expenses to claim accountancy advice
    Andrea Jenkyns and Michael Fabricant also among 12 MPs who used parliamentary expenses for help with tax returnsThe shadow chancellor, Rachel Reeves, and former Labour leader Jeremy Corbyn were among 12 MPs who used parliamentary expenses to claim for professional accountancy advice to help with tax returns, documents show.The expenses claims relate to the 2021-22 tax year for earnings which had to be declared under HMRC’s self assessment system. Continue reading...
  • Corbyn and Reeves among MPs who claimed accountants’ fees on expenses

    Corbyn and Reeves among MPs who claimed accountants’ fees on expenses
    Andrea Jenkyns and Michael Fabricant also among 12 MPs who used parliamentary expenses for help with tax returnsThe shadow chancellor, Rachel Reeves, and former Labour leader Jeremy Corbyn were among 12 MPs who used parliamentary expenses to claim for professional accountancy advice to help with tax returns, documents show.The expenses claims relate to the 2021-22 tax year for earnings which had to be declared under HMRC’s self assessment system. Continue reading...
  • Deloitte declines to tell Senate which government department’s information it leaked internally

    Deloitte declines to tell Senate which government department’s information it leaked internally
    Greens senator repeatedly asks firm to reveal which department was implicated but question taken on noticeFollow our Australia news live blog for the latest updatesGet our morning and afternoon news emails, free app or daily news podcastThe consultancy firm Deloitte stood down an employee who shared confidential government information without permission but has so far refused to reveal which government department was involved, drawing criticism from senators.Deloitte’s leadership has told
  • PwC Australia’s former CEO among eight partners removed following tax leak scandal

    PwC Australia’s former CEO among eight partners removed following tax leak scandal
    Consultancy firm says partners ‘have exited or are in the process of being removed’, alleging professional or governance failures Follow our Australia news live blog for the latest updatesGet our morning and afternoon news emails, free app or daily news podcastPwC Australia’s former chief executive is among eight senior personnel named and removed from the firm’s partnership in the fallout of the tax leaks scandal, although he is not accused of misusing government informa
  • PwC Australia removes eight partners following internal investigation into tax leak scandal

    PwC Australia removes eight partners following internal investigation into tax leak scandal
    Consultancy firm says partners ‘have exited or are in the process of being removed’, alleging professional or governance breachesFollow our Australia news live blog for the latest updatesGet our morning and afternoon news emails, free app or daily news podcastEight senior personnel at PwC have been named and removed from the firm’s partnership in the fallout of the tax leaks scandal.The embattled consultancy firm said on Monday the action was a result of its investigation into
  • PwC removes eight partners following internal investigation into tax leak scandal

    PwC removes eight partners following internal investigation into tax leak scandal
    Consultancy firm says partners ‘have exited or are in the process of being removed’, alleging professional or governance breachesFollow our Australia news live blog for the latest updatesGet our morning and afternoon news emails, free app or daily news podcastEight senior personnel at PwC have been named and removed from the firm’s partnership in the fallout of the tax leaks scandal.The embattled consultancy firm said on Monday the action was a result of its investigation into
  • KPMG Australia launches internal review after potential conflict-of-interest concerns raised

    KPMG Australia launches internal review after potential conflict-of-interest concerns raised
    The federal government has paid the firm to audit aged care facilities while advising providersFollow our Australia news live blog for the latest updatesGet our morning and afternoon news emails, free app or daily news podcastConsultancy firm KPMG has launched an internal review to address concerns about potential conflicts of interest after sustained criticism from senators, unions and transparency advocates.The federal government has paid KPMG to conduct safety and quality audits of aged care
  • NSW inquiry to review $1bn spending on consultants

    NSW inquiry to review $1bn spending on consultants
    Exclusive: A NSW parliamentary inquiry will examine how an operating model based on consultants left the public service ‘infantilised’Get our morning and afternoon news emails, free app or daily news podcastAbout $1bn spent on consultants over five years by the New South Wales government will be examined when a parliamentary inquiry begins on Thursday, with the public sector union set to lash the Coalition, which it claims left workers “demoralised and decimated”.A submis
  • Economic growth to pick up but risks to recovery ‘elevated’, say UK forecasts

    Economic growth to pick up but risks to recovery ‘elevated’, say UK forecasts
    Households and firms can expect more financial pain despite Britain dodging technical recession, says KPMGBritain will be left with deep scars from the pandemic despite narrowly escaping a second recession within three years and growing signs of an economic pick up, according to new forecasts.A new report by the accountancy firm KPMG has found that the economy has enjoyed a better start to the year than it had thought, and is now expected to grow by 0.3% this year, compared with its previous pre
  • Australia’s leading super funds halt future contracts with PwC amid tax scandal fallout

    Australia’s leading super funds halt future contracts with PwC amid tax scandal fallout
    AustralianSuper, Australian Retirement Trust, Hesta and Aware Super say they won’t enter into new contracts with the firmGet our morning and afternoon news emails, free app or daily news podcastAustralia’s biggest superannuation funds have either frozen, or are reviewing, future work contracts with PricewaterhouseCoopers Australia, as the fallout from the tax leaks scandal proves costly for the embattled firm.Four of the country’s biggest funds, AustralianSuper, Australian Reti
  • PwC Australia names former partners it says misused confidential information in tax scandal

    PwC Australia names former partners it says misused confidential information in tax scandal
    Senator Deborah O’Neill has accused the firm of using the ‘cloak of the Senate’, and said names of those involved should be released publiclyGet our morning and afternoon news emails, free app or daily news podcastPricewaterhouseCoopers Australia has disclosed the names of four former partners it says are responsible for confidentiality breaches to a parliamentary committee amid mounting pressure in the tax leaks scandal.The embattled professional services firm has also provide
  • The Big Four firms are incapable of unwinding their own deep-seated conflicts | Ian Gow and Stuart Kells

    The Big Four firms are incapable of unwinding their own deep-seated conflicts | Ian Gow and Stuart Kells
    By rejecting demergers on their own terms, the Four have chosen uncontrolled and possibly chaotic break-ups on someone else’s terms and clockThe Big Four – PricewaterhouseCoopers, EY, Deloitte, KPMG – are the global behemoths of the professional services industry. With nearly 1.5 million staff and US$190bn in annual revenue, they dominate markets for accounting, auditing and tax-related advice. They are huge in other businesses too, including the provision of A$2bn of outsourci
  • Scrutiny on PwC’s Australian business likely to extend to global operations

    Scrutiny on PwC’s Australian business likely to extend to global operations
    Experts say business model of consulting organisations rife with conflicts of interest amid renewed debate about separating auditing from adviceWhen PricewaterhouseCoopers’ Australian business issued an expansive apology over the tax leaks scandal, it may have hoped for an opportunity to start rebuilding its reputation.Instead, it endured one of the most difficult weeks of the self-inflicted crisis, when not only the structure of its own business was scrutinised, but that of its global ope
  • PwC Australia scandal: what actually happened and will it be fatal for the advisory firm?

    PwC Australia scandal: what actually happened and will it be fatal for the advisory firm?
    The Australian affiliate of PricewaterhouseCoopers is subject to a police investigation in a crisis that could have global implicationsGet our morning and afternoon news emails, free app or daily news podcastPricewaterhouseCoopers’ public slogan is to “build trust in society and solve important problems”.But its embattled Australian affiliate breached that trust when it misused confidential government tax information for commercial gain, creating its own crisis that threatens t
  • Treasury referred PwC to AFP after ‘clearly disturbing’ emails revealed, Senate hears

    Treasury referred PwC to AFP after ‘clearly disturbing’ emails revealed, Senate hears
    Senator Barbara Pocock has requested PwC release the names of partners understood to be involved, saying she is ‘confident they will reach the public’Get our morning and afternoon news emails, free app or daily news podcastPwC emails referring to tax policy information that was “supposed to be secret” are “clearly disturbing”, Treasury secretary, Steven Kennedy, has told a parliamentary committee.Kennedy made that remark on Tuesday, revealing that 144 pages of
  • PwC tax scandal referred to Australian federal police for criminal investigation

    PwC tax scandal referred to Australian federal police for criminal investigation
    Treasury statement alleges firm’s former head of international tax, Peter Collins, ‘improperly used confidential Commonwealth information’Get our morning and afternoon news emails, free app or daily news podcastThe federal treasury has referred the PwC tax scandal, involving former partner Peter Collins, to the Australian federal police for a criminal investigation.Treasury department secretary Steven Kennedy issued a statement late on Wednesday alleging Collins, PwC’s fo
21 Jul 2024

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