“When there is a fire we run towards it,” is how Allegro co-founder Adrian Loader described his firm identifying PwC as an investment opportunity.
The consulting giant has singled out eight individuals after an internal investigation uncovered breaches of professional standards and a failure of leadership and governance.
For PwC Australia,this was a sliding door moment. Be it due to poor judgment,hubris or a lack of ethical understanding,some of the firm’s management and senior partners took the wrong door.
Greens senator Barbara Pocock has made a formal referral over the tax leaks scandal,seeking more answers about the firm’s conduct.
The group said two former CEOs – Tom Seymour,who is retiring from PwC,and Luke Sayers,who is president of the Carlton Football Club – should be held accountable.
The Greens have already compiled of list of 10 matters it plans to refer to the new federal anti-corruption watchdog,which officially opens on July 1.
PwC Australia’s acting chief says the firm is close to finishing an internal investigation into the tax scandal and promised severe consequences for those involved.
PwC has parachuted in one of its most senior global executives to take control of its Australian firm and has confirmed the sale of its government business to private equity group Allegro Funds for $1.
UNSW spent $38 million on consultants in 2022,while the University of Melbourne and the University of Queensland each paid out more than $37 million.
The embattled consulting firm has sought to ring-fence its government business to spare it from the carnage of the fallout of its tax leaks scandal.
Our housing problems have shown that we don’t live in a fair world.