Australian News / 30 May 2023
Consequences rain down on PwC
The fallout from PwC’s tax advice scandal continued yesterday, with 9 unidentified senior team members put on leave pending the result of an investigation. Their names haven’t been made public, but reports say they are partners involved in using confidential information gleaned from the Treasury to win work from corporate clients. PwC also announced that its governance board chair Tracey Kennair and risk committee head Paddy Carney have stepped down from their roles. That all led acting boss Kristin Stubbins to apologise on behalf of the firm “for sharing confidential government tax policy information and for betraying the trust placed in us.” About 3 weeks ago, PwC’s local boss Tom Seymour announced he would go in September. And last week, the Treasury referred the matter to the Federal Police to consider criminal charges. But the latest moves haven’t silenced the critics…
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