Yesterday
Former PwC CEO fined, suspended by Chartered Accountants ANZ
The decision came after the Tax Practitioners Board found Tom Seymour failed to act on signs that secret government information was being shared among partners.
November
With ANZ’s $24m audit soon to be up for grabs, can KPMG keep winning?
A once-in-a-moon landing contract – no, really, it’s been going since 1969 – is expected to go out to tender. Plus: a rough year for PwC spin-off Scyne.
Big four consulting firms targeted by new Senate inquiry
Anyone from a major firm listening to the Senate would have gasped in horror. Plus: Which firm exited 11 over their conduct, and who won audits from EY.
October
ATO sidelines official who pursued PwC over tax scandal
Tax Practitioners Board chief executive Michael O’Neill will become an adviser to the charities regulator, disrupting new inquiries into the consulting giant.
PwC wants to talk AI future, but reckons with its tax leak past
Who audits the AI auditors? Just don’t ask about the tax scandal. Plus: “Synthetic customers” and a bar fight.
PwC faces inquiry over tax code breaches
The Tax Practitioners Board’s three investigations are set to be completed next year and scrutinise current and former partners at the high-profile firm.
Treasury Wines chair fires back at ‘box-ticking’ proxy advisers
John Mullen has hit back at proxy advisers who say he has too many roles across multiple companies.
Tax watchdog launches new probe into current and former PwC partners
The number of individuals and the nature of the Tax Practitioners Board’s inquiries are unclear, but the new probes are expected to be completed by next year.
PwC partners approve its ‘Luke Sayers amendments’
The consulting giant’s generous pension scheme will be toughened up and its CEO selection process broadened.
September
The PwC tax leaks scandal is far from over
Consequences for former CEO Tom Seymour are just the tip of the investigatory iceberg. Plus: a confession about my reporting.
Former PwC boss’s response to his final cancellation is no surprise
Tom Seymour’s failure to accept responsibility speaks to a stubbornness of personality. It misses the point that being a leader is about accountability.
Ex-PwC CEO Tom Seymour defiant after ban over tax leaks scandal
Seymour has been deregistered by the Tax Practitioners Board in a decision he describes as incorrect, but he does not plan to challenge the outcome.
Murdochs’ $5b settlement; ANZ to cut 3500 jobs; Ex-PwC CEO banned
Read everything that’s happened in the news so far today.
July
PwC Australia sells restructuring arm to Teneo for millions
The New York-based firm will create a new local financial services advisory business led by outgoing PwC partner Stephen Longley.
Treasury prepares to crack down on audit firms, with or without ASIC
Officials are considering handing the corporate regulator the power to punish major accounting and consulting firms for the first time, among other options.
June
Birmingham new ABA chief; PwC profit slumps; 50 best restaurants
Read everything that’s happened in the news so far today.
May
The PwC scandal was bad, the cover-up is worse
The early conclusion to what was already a dubious exercise in scrutiny is exactly what we’ve come to expect.
‘Nothing independent’ about PwC’s reform assessment, MPs say
Independent monitoring of the consulting giant’s “commitments to change” will end almost a year ahead of schedule, but its CEO says there is more work to do.
April
Deloitte taps ex-speaker Tony Smith for ‘advice’
Is Deloitte trying to get into the Coalition’s good books, or does Tony Smith just really love AI?
Why this PwC and big bank agitator is running for the Senate
Law academic Andy Schmulow has had enough. Big companies are too powerful and corrupting democracy, he argues. And he wants to ask them the hard questions.