PwC Australia’s big four rivals KPMG, EY and Deloitte say they already have superior governance structures in place and do not need to emulate the sweeping reforms at the embattled firm following its tax leaks scandal.

PwC last week announced it would make big changes to its operations following the scandal, including adding independent members to its governance board, giving that board the power to sack the chief executive, overhauling its risk management systems and fixing its problematic “revenue is king” culture. The firm also undertook to publish audited financial statements from 2025, something not required of private partnerships.