Major increase in civil penalties on the table for rogue tax agents
Assistant Treasurer Stephen Jones has told accountants, lawyers and other professionals they have until January 21 to respond to a raft of changes to tax agent regulation as a part of the government’s response to the PwC confidentiality breach.
PwC’s “overly collegial culture” allowed it to overlook unethical behaviour
A review into PwC by former Telstra boss Ziggy Switkowski found multiple shortcomings in the company arising from poor practices that went unreported for years.
Qantas, PwC, Rio Tinto, Crown, the banks: There’s something rotten at the big end of town
Bernard Keane and Glenn Dyer argue that Qantas is the latest indicator of the rot at the soul of Australian businesses.
PwC fallout: NSW introduces million-dollar fines for tax leaks
Proposed penalties of up to $1.1 million for individuals and $5.5 million for corporations were passed in the NSW parliament.
Too many sins to count: Why PwC must not audit again
Any company or government that sticks with PwC is signalling its approval of sins too numerous to count, writes Bernard Keane.
What we can learn from PwC about trust, by a former PwC advisor
There’s an invaluable lesson in the PwC tax leak scandal and that is your workforce is your brand.
Senate committee recommends tough rules for disqualified tax agents to return to work
Tough rules to make it harder for defrocked tax agents to find work in a tax advisory practice should pass the Senate unamended, according to an economics committee report.
Explained: After PwC, how does the tax office penalise tax agents who flout the rules?
The Tax Practitioners Board has been in the spotlight because of the role it played in disciplining Peter Collins, a former PwC partner, and his old firm for a breach of a confidentiality agreement.
Opinion: PwC appears to have an unusual definition of integrity
When PwC consultants decided to share confidential government tax policy with other clients, they shredded their promises, mocked their values and landed PwC in the crosshairs of the federal police.
PwC tax leak: Separating corporate and public interests akin to separating church and state
The power of the modern consultants, like PwC, to influence government is akin to the influence Church officials once wielded.
PwC internal inquiry under fire as government plans stricter review on the use of consulting firms
A company director will review the culture of embattled accounting firm PwC as the federal government works out how to deal with the consequences of the tax leak scandal.
Opinion: PwC should’ve reviewed material, provided advice and shut up
Let’s be clear: there is nothing like a story involving a global brand, a scandal and questions about why a firm went like PwC used confidential information.