This Month
- Exclusive
- Big four consultants
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
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
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 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
Tax Office tells CFOs to question their lawyers and accountants
Businesses should learn from the PwC tax scandal by testing the tax advice of accountants and lawyers to avoid being shamed in public, the ATO says.
- John Kehoe
Populist attacks on supermarkets serve no one
Readers’ letters on attacks on Coles and Woolies; social media age bans; Archbishop of Canterbury’s resignation; a fix for high-density development; the UN climate conference; and the Senate’s financial services inquiry.
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
PwC settles for millions; Rex exit raised fares; Musk’s job cutters
Read everything that’s happened in the news so far today.
- Exclusive
- PwC
PwC Australia settles with three former partners for millions
The firm has entered into settlements worth millions with two partners forced to leave amid the tax leaks scandal and another former partner.
- 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
PwC still not transparent enough on tax leaks: inquiry
A parliamentary inquiry has found PwC International and PwC Australia have engaged in an ongoing cover-up of the extent of the tax leaks scandal.
- 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
Ex-lawyer reveals why internal PwC probe failed to find tax leak
PwC Australia’s former general counsel says her initial investigation into potential breaches of confidentiality by a former partner did not detect problems because partners gave her inadequate evidence to examine.
- Edmund Tadros
PwC government work ban to last at least another six months
The Department of Finance has deferred a decision about whether the Australian firm can again bid for government work until the middle of next year.
- Edmund Tadros
MinRes boss to leave; AFP search PwC’s HQ; Westpac’s CEO in $7b exit
Read everything that’s happened in the news so far today.
- Exclusive
- PwC
AFP search PwC’s Sydney headquarters over tax leaks scandal
The officers will examine documents and computers as part of Operation Alesia, an inquiry into the disclosure of confidential government information.
- Edmund Tadros
ATO gave PwC CEO early warning about ‘incompetent’ tax division
New details of a meeting in February 2020 between the ATO’s Jeremy Hirschhorn and then-PwC CEO Luke Sayers contradict earlier evidence provided by Mr Sayers.
- Edmund Tadros
October
Regulator clears four of nine PwC tax agents over leaks scandal
The Tax Practitioners Board told parliament it is still investigating links to overseas partners who received confidential government information.
- Edmund Tadros
AFR journalists finalists for four Walkley Awards
An almost year-long investigation into the CFMEU that exposed underworld infiltration of the construction industry is among finalists from The Australian Financial Review in the 69th Walkley Awards.
