An anonymous group of PwC Australia partners has stepped up calls for radical reforms at the firm and raised doubts about the independence of the internal investigations designed to identify those directly involved in the tax scandal.
who now runs his own consulting group and is president of the Carlton Football Club – should be held accountable for the scandal.Seymour stood down as chief executive in May and was replaced by Kristin Stubbins, who is now being replaced by Singapore-based Kevin Burrowes after the global firmStubbins told a NSW parliament inquiry on Monday that the firm will soon complete the investigation by the two law firms looking into the scandal.
They are also pushing the firm to install an independent board, remove all current partners from external company boards, and not do business with clients that have former PwC staff on their boards. They also want PwC to explore selling off, or dissolving its tax business.mentioned in the cache of emails sharing the confidential information on government plans to combat tax avoidance.
This week, the Department of Health and Aged Care confirmed that they have suspended a contract with PwC while it allays concerns about potential conflicts. It is the first time that a government department has suspended current work with PwC, as opposed to freezing the firm out of future contracts.
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.
PwC slashes partner pay, forces dozens into retirementPwC has forced dozens of the 70 partners retiring partners this financial year to exit early and will slash the profit pool available to those remaining by 20 per cent, in the latest fallout from the tax leaks scandal.
Read more »
Lessons from PwC scandal should guide Optus on BerejiklianOPINION: After ICAC’s findings it’s very hard to see how Optus CEO Kelly Bayer Rosmarin can keep the executive she once said would be “a game-changer” for the telco.
Read more »
End of ‘woke Wall Street’ protection for corporationsConsumers' Research Executive Director Will Hild says corporations such as Disney, even amidst losses amounting to hundreds of millions of dollars from consecutive box office bombs, feel insulated from consumer discontent due to support from CEOs. 'But just yesterday, that seems to be changing,' Mr Hild told Sky News host Rita Panahi. 'Larry Fink himself said that he was ashamed to be the face of the ESG movement. 'So the days of these corporations being shielded by woke Wall Street may be coming to an end.'
Read more »
US economy grows ‘higher than expected’ at whopping two per cent paceThe latest growth figures for the US economy were higher than expected, according to CommSec’s Tom Piotrowski. “The economy expanded at a two per cent annualised clip in the March quarter,” Mr Piotrowski told Sky News Australia. Presented by CommSec.
Read more »
Growing calls for corruption probe into Stuart RobertOpposition Leader Peter Dutton has indicated he would welcome the new National Anti-Corruption Commission to investigate serious allegations surrounding former Morrison government minister Stuart Robert.
Read more »