Deloitte chief executive Adam Powick has told a Senate inquiry the consulting sector operates without clear oversight and misconduct reporting rules, as he conceded in a fiery exchange that he was not worth a salary that is seven-times the prime minister.
The inquiry into consultants also heard former competition chief Allan Fels again demand the breakup of the big four consulting firms, while KPMG partner-turned-whistleblower Brendan Lyon called for a royal commission into the sector.
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Edmund Tadros leads our coverage of the professional services sector. He is based in our Sydney newsroom. Connect with Edmund on Twitter. Email Edmund at edmundtadros@afr.com.au
