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The Latest Breaking News from PricewaterhouseCoopers

KPMG loses contracts and leaders amid scandal over alleged confidential leaks. Here’s what you need to know

Consulting firm’s Australian arm shared secret client information internally in order to win lucrative audit contracts, a whistleblower has alleged

The Guardian - AU

PwC under investigation by accounting watchdog over WH Smith audit

WH Smith admitted last year it overstated profits for its North American business by as much as £50 million because of an accounting blunder.

Evening Standard

More than half of CEOs report seeing no benefits from AI deployment so far — only 12% of business leaders hit the jackpot of higher revenues and reduced costs

Only a third of CEOs report getting a benefit from AI deployments, while 55% saying they get no benefit or are worse off because of it.

Tom’s Hardware

From analysis to the latest developments in health,
read the most diverse news in one place.

What the Heck Just Went On With Motorcycle Helmet Maker Ruroc?

Apparently, Ruroc—the motorcycle helmet maker—went into self-imposed administration. But then it was bought by the holding company that owns Ruroc. We're confused, too.

RideApart

PwC Axes 1,500 US Jobs While Splashing Millions on 'Pointless' Rebrand

Global accounting giant PwC is facing criticism for laying off 1,500 US employees while simultaneously undertaking a costly brand refresh.

International Business Times UK

‘Big four’ accountancy firms PwC and EY fined over LC&F audit failures

Firms fined millions after London Capital & Finance’s 2019 crash wiped out customers’ savings

The Guardian - UK

China Investigates Pwc In Evergrande Fraud Case

China investigates PwC's role in Evergrande fraud case, raising concerns over financial stability and global market impact.

Top News

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Wilko collapse: regulators urged to try to claw back millions in dividends

Commons committee says money should be recovered from founding family ‘so pensioners are not short-changed’

The Guardian - UK

Blacklisting PwC won't stop outsourcing: here are 3 reasons it has become embedded in the Australian public service

Labor had pledged to wind back the use of the big four consulting firms by the public service well before the scandal engulfing PricewaterhouseCoopers over the sharing of confidential government information.

The Conversation

There's more than reputation at stake: PwC faces penalties, including possible jail time

What penalties does the consulting giant PricewaterhouseCoopers face for sharing confidential government tax policy information and (in its words) betraying the public’s trust?

The Conversation

PwC Australia scandal: what actually happened and will it be fatal for the advisory firm?

The Australian affiliate of PricewaterhouseCoopers is subject to a police investigation in a crisis that could have global implications

The Guardian - AU

Michael Pascoe: Waiting for other PwC shoes to drop all over Canberra

To mix my metaphors, there is a footlocker of shoes yet to drop from the PricewaterhouseCoopers scandal – and not on PwC.

The New Daily

PwC Australia sidelines 9 directors as leak of tax information investigated

The Australian branch of the PricewaterhouseCoopers consultancy network has ordered nine partners to go on leave while an inquiry examines the leaking of confidential Australian tax avoidance policy changes to corporate clients who could benefit from the information

The Independent UK

Morning Mail: PwC warning, Rolf Harris dies, Lidia Thorpe hits out at ‘deceptive’ quotes

Consultancy firm used confidential information to seek more government work; disgraced entertainer dies aged 93; senator brands use of her image ‘underhanded’

The Guardian - AU

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The Conversation

Why is it so difficult to handle whistleblower reports?

Whistleblower rights are on the rise, it seems. In February 2023, the Grand Chamber of the European Court of Human Rights overturned an earlier criminal conviction of Raphaël Halet, one of the LuxLeaks whistleblowers that disclosed tax avoidance practices at PricewaterhouseCoopers.

Manchester Evening News

How to get a job at PricewaterHouseCoopers in Manchester as staff get 9% payrise

The company recently announced it would be giving all its workers a 9% pay rise to address the cost-of-living crisis

Daily Record

Lanarkshire jobs fears after confirmation that retailer McColl's has gone into administration

Of it's 18 Lanarkshire stores, five are in Hamilton, one in East Kilbride and one in Lanark

People

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