This Month
- Exclusive
- Big four accountants
What Defence spent on consultants could run submarine fleet for a year
What would Defence’s $811 million in spending on the big five consulting firms in 2022-23 buy? Turns out the answer is quite a lot.
- Ronald Mizen
PwC in talks to offload insolvency unit to Teneo
Insolvency teams have a long history of moving in and out of the big four firms as they become frustrated at being constantly conflicted out of work.
- Sarah Thompson, Kanika Sood and Emma Rapaport
MinterEllison raids PwC, KPMG to build up consulting arm
Consultants now make up almost 10 per cent of fee-earners at the firm, as clients prove increasingly willing to seek non-legal advice from law firms.
- Edmund Tadros
Why PwC global put its own man in to run PwC Australia
PwC International parachuted in UK partner Kevin Burrowes to run the Australian firm after becoming frustrated with the local firm’s “failure to co-operate”.
- Edmund Tadros
November
- Exclusive
- PwC tax scandal
PwC Australia to cut payments to retired partners by at least 25pc
About 700 former partners will have their retirement payments cut after profits dropped due to hundreds of partners leaving after the tax leaks scandal.
- Edmund Tadros
PwC wants to slash the time it takes to comply with regulations, laws
The consultancy firm has developed a service that aims to dramatically speed up the time-consuming process of mapping a company’s legal obligations.
- Edmund Tadros
Canberra’s in-house consultants notch up 15 government projects
The federal government’s internal consulting service has completed 15 projects, including policy development, analytics assessments and strategy work.
- Edmund Tadros
PwC sues ex-partner Paul McNab over tax leaks scandal
The firm is suing him back and claiming he was personally responsible for the massive financial damage the scandal has wrought on the accounting giant.
- Edmund Tadros
What the inquiry into the structure of the big four firms recommended
A summary of the key recommendations from the joint parliamentary inquiry into the structure of the big four consulting firms and what they mean for the sector.
- Updated
- Edmund Tadros
Capping big four partnerships would ’cause great disruption’
Two conservative members of an inquiry committee that recommended capping accounting partnerships at 400 said the move would be an “extraordinary intervention” by the government.
- Edmund Tadros
Big four partnerships should be capped at 400, inquiry finds
The major consulting firms could also be forced to separate the management of their audit and non-audit practices under recommended changes.
- Updated
- Edmund Tadros
- Exclusive
- Deloitte
Deloitte board nominates Joanne Gorton as preferred CEO
The firm’s head of audit has been selected as the preferred candidate to replace chief executive Adam Powick.
- Edmund Tadros
Labor cuts spending on major consulting firms by $891m over two years
The value of Commonwealth work outsourced to Accenture, Deloitte, EY, KPMG and PWC is down to $1.5 billion since Labor took power in mid-2022.
- Edmund Tadros
$500m in Canberra consulting to be slashed
Consulting firms working for Defence, the NDIS and the Tax Office will be hardest hit by a new plan to strip more than $500 million in work from the embattled advisory sector this financial year.
- Edmund Tadros
October
- Exclusive
- Consulting
This is the kind of consulting work KPMG Australia will send offshore
The firm’s consulting arm plans to send 44,000 hours of work to employees based overseas this financial year as part of a push to change the way KPMG operates.
- Edmund Tadros
How this consultant saves half a day a week using AI
KPMG graduate Niamh Tomlinson says improved productivity using the firm’s internal AI tool lets her spend more time doing higher value work.
- Edmund Tadros
Chartered Accountants demands changes to revised tax agent rules
The accounting body fears that proposed laws to rein in rogue tax agents would erode “the relationship between a taxpayer and their agent”.
- Edmund Tadros
EY’s local strategy division appoints deals veteran as leader
Clients are willing to pay a premium for strategy advisers who are also experienced industry experts, says the new managing partner of EY’s local strategy arm.
- Edmund Tadros
September
PwC revenue slumps $820m after tax leaks scandal
Takings fell by more than a quarter to $2.35 billion in 2023-24, making it PwC Australia’s worst decrease ever, as the fallout from the crisis continues.
- Edmund Tadros
- Opinion
- Audit quality
Accounting body’s plan a ticking time bomb for the profession
Chartered Accountants ANZ’s plan to educate school leavers without a university degree will hurt the sector, say two Deakin University academics.
- Anne Wyatt and Peter Carey
