Today
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.
- 24 mins ago
Accountants ramp up offshoring to bring down costs
Up to a third of staff at some of the nation’s top firms work in countries such as India and the Philippines as leaders cut costs and search for hard-to-find skills.
Yesterday
The fastest-growing firms have one thing in common: AI
BlueRock’s Peter Lalor says the firm is using generative AI across the firm, while McGrathNicol’s Jason Preston is using the machine learning to identify patterns that humans would overlook.
- Updated
The big winners as scandal forces big four into retreat
Mid-sized firms such as those run by Steve Meyn of PKF, Jamie O’Rourke of RSM and Annabelle Clare of Walshs had their best year on record as clients move away from out-of-favour big players.
- Updated
Revealed: Australia’s best accounting firms in 2024
The Financial Review list shows that mid-tier accounting firms reached an unprecedented size as revenue at the big four consulting firms fell to a two-year low.
- Updated
This Month
Tracking and decoding corporate jargon
A tracker of our growing list of corporatespeak – and our suggestions for plain-language alternatives. Consider it your jargon dictionary.
- Updated
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
- Exclusive
- PwC tax scandal
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.
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.
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.
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
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.
- Exclusive
- Big four consultants
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.
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.
NAB tapped Bain & Company for its strategy refresh
Consulting firm Bain was called in to help National Australia Bank with its new strategy focusing on customers, it can be revealed.
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.
- Exclusive
- PwC tax scandal
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.
The TV watching habits of Australians (in three charts)
The way Australians consume media is changing – these three charts show how.
$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.
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.