Finding a way to straighten out the structural issue would be the constructive way for the entire professional services sector to move on from a bad patch.
The Australian Financial Reviewhas maintained that to move on from the tax leak scandal, PwC would need to be open and transparent about who was involved, provide a proper explanation for why the misconduct was allowed to happen and why it took so long to resolve, and outline what changes the firm will make to avoid a repeat.
The seeming mismatch between the loose partnership form and more corporate-style governance is a legitimate issue. David Rowe
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The Australian Financial Review’s succinct take on the principles at stake in major domestic and global stories – and what policy makers should do about them.
