/ 13 June 2024

Consultants called to account

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Eighteen months after the PwC tax scandal broke, a Senate inquiry committee released its final report yesterday with 12 recommendations calling for those involved to be named, more regulation and a permanent oversight committee to lift standards in the consulting industry. For a quick refresh, PwC Australia was accused of using its role as a government adviser to obtain confidential information to help its international clients avoid tax. This latest report accuses PwC of not addressing its failures and hiding its own findings to “protect the organisation from further scrutiny and consequences”. But the Greens want even tougher action, including banning PwC from tendering for any government work for at least 5 years and a 15% annual reduction of government spending on consultants, which Senator Barbara Pocock says will “ensure value for money” and “promote public sector regrowth”.

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