PwC engaged in a deliberate multi-year strategy to cover up the breach of confidentiality in the tax leaks scandal, as company personnel worked to monetise the information, a scathing parliament report has found.
PwC Australia engaged in a deliberate multi-year strategy to cover up the breach of confidentiality in the tax leaks scandal, as company personnel worked to monetise the information, a scathing parliament report has found.A furious Senate committee on Wednesday night accused the big four firm of obfuscation, intimidation and an unwillingness to give full and frank explanations over the leak of internal Treasury advice.
In an unusual move, the committee, chaired by Liberal senator Richard Colbeck, jointly published the report while the inquiry was ongoing. Labor’s Deborah O’Neill, a committee member who helped reveal the extent of the leaks, said the report “lays bare the egregious breach of public trust and commonwealth security” by PwC.“It shocks me that the obfuscation by PwC Australia continues and that PwC Global appears to be attempting to walk away from this profound ethical failure and calculated breach of trust,” Senator O’Neill said.
Greens senator Barbara Pocock said the report shows the firm was taking a “go-slow” approach to responding to the scandal.“The committee unanimously agrees that PwC should come clean and fully co-operate with independent inquiries into their wrongdoing. PwC must move beyond a simple ‘fall guy’ strategy’,” Senator Pocock said.
“[The] evidence cited in this report shows an internal culture at PwC so poor that it has lost the capacity to act honestly. In fact, it is clear now that its senior leadership does not recognise basic ethical and legal principles. The evidence also creates a strong argument for breaking the link between political donations and big consultancies.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Embattled PwC caught up in Russian cyberattackPwC’s embattled Australian operations has confirmed it is one of the many companies impacted by a hacking incident involving a Russian cybercrime group.
Read more »
Australians will vote on Voice after referendum bill passes SenateAustralia's first referendum in 25 years is officially locked in after clearing the final hurdle in parliament. ElizaEdNews 9News MORE:
Read more »
ASIC accused of undermining Senate committeeThe corporate regulator has been accused by all major political parties of obstructing parliamentary investigations into how it polices the nation’s businesses and could be forced to hand over previously secret documents to the Senate.
Read more »
Australian Senator refers ADF senior command to international court over war crimes allegationsIndependent Senator Jacqui Lambie has referred senior ADF commanders to the International Criminal Court to front a war crimes investigation. Ms Lambie revealed the referral during a fiery speech to the Senate where she argued senior commanders should face the same “hardcore legal lens” as soldiers. “It seems that those responsible are the least accountable,” Ms Lambie told the Senate on Tuesday. “I guess it was just another marking your own homework exercise.”
Read more »
Australia news LIVE: PM says Voice strikes ‘right balance’ as referendum legislation passes; Labor could bypass Senate to finance affordable homesLabor is poised to bypass the Senate and finance thousands of affordable homes, the prime minister says Voice strikes ‘right balance’ and David Van’s salary is cut.
Read more »