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    PwC tax scandal

    Yesterday

    The CFMEU can’t fix itself – just ask the banks, casinos and PwC

    If union and Labor leaders really want to win back trust in the CFMEU, only an independent and transparent inquiry into the union will do. 

    • James Thomson

    This Month

    Sold for $1, Scyne claws back a third of PwC’s revenue

    Scyne, spun out of PwC a year ago, is heading towards $200 million in revenue, rebuilding a third of the roughly $600 million earned by its predecessor firm.

    • Edmund Tadros

    PwC still paying for bungled tax leaks response

    PwC is now paying the price for forcibly ushering several partners out the door.

    • Max Mason

    June

    PwC’s agent Kevin Burrowes revealed as a $4m man

    The revelation PwC Australia’s CEO is also paid by PwC International adds further texture to the firm’s intransigence with the Senate.

    • Myriam Robin and Mark Di Stefano

    Former PwC Australia partner flags legal action against firm

    A former senior partner, Wayne Plummer, has indicated he will sue the firm after being publicly linked to its tax leaks scandal.

    • Edmund Tadros and Maxim Shanahan
    Advertisement

    What Senate inquiry said about big four, now trying to ‘rebuild trust’

    The big four consultancies have welcomed the Senate’s final report into the sector, which largely avoided direct criticism of individuals and firms.

    • Maxim Shanahan

    Big four can’t be allowed to stay in ‘grey zone’ of PwC scandal

    The Senate report makes it clear the big accounting firms have fallen through the regulatory gaps. That structural problem must eventually be addressed.

    • James Thomson

    The consulting free-for-all in Canberra is coming to an end

    A Senate committee’s recommendations go beyond changes made by the federal government after the PwC tax leaks scandal.

    • Edmund Tadros

    Greens call for accounting firms to be limited to 100 partners

    The maximum size of accounting partnerships should be cut from 1000 to 100, and audit firms should be forced to separate their consulting divisions, the Greens say.

    • Edmund Tadros and Maxim Shanahan

    Inquiry calls for strict new rules for big four consulting firms

    Parliamentary approval of contracts and a review of laws governing partnerships are among the final recommendations of a Senate inquiry into outsourcing.

    • Edmund Tadros and Maxim Shanahan

    The simple fix to the PwC scandal that consultants would hate

    On the eve of the final report of the Senate inquiry into the consulting sector, a simple way of ensuring accountability has been proposed.

    • James Thomson

    ‘This may not end well for you’: The secret war behind the PwC inquiry

    Documents tabled by three federal agencies raise questions about whether the ATO tried to shut down the investigation into the PwC tax leaks and targeted the man leading it, Michael O’Neill.

    • Neil Chenoweth

    May

    Former PwC partner sues firm for allegedly linking him to tax scandal

    Richard Gregg alleges people have shunned and avoided him because of an implication by PwC that he was involved in the tax leaks scandal, when he was not.

    • Updated
    • Max Mason

    Defence tries its hand at consulting as Labor keeps heat on big firms

    The government will also conduct a second audit of public sector employment to track the progress on reducing its reliance on external advice.

    • Maxim Shanahan

    PwC elevates tax and legal into its service line

    The new model will also bring together the firm’s deals and private advisory professionals and its consultants into a renamed “advisory” service.

    • Edmund Tadros
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    Global push to get tax advisers to think ethically

    New rules have been agreed to help restore trust in a profession battered by wrongdoing, including the PwC tax leaks scandal.

    • Edmund Tadros

    Consulting firm fixes are impractical and an overreach

    More importantly, they are not necessary to correct a deficiency in the regulation of delinquent behaviour, says the former ACCC chairman.

    • Graeme Samuel

    Let ASIC police big four conflicts: Samuel

    Former ACCC chairman Graeme Samuel says the big four’s governance changes looked good on paper, but would not fundamentally change the culture of the firms.

    • Maxim Shanahan and Ronald Mizen

    Big four accountants could face partner limits in governance crackdown

    The big four accounting firms could be forced to slash partner numbers and incorporate their consulting businesses under a crackdown on governance standards flagged as a possible response to the PwC tax leaks scandal.

    • Updated
    • Ronald Mizen and Edmund Tadros

    The 24 questions Treasury has about the big four consulting firms

    The 16 “potential issues” raised by Treasury and the 24 questions it would like responses to about the structure of the firms and the wider sector.

    • Edmund Tadros