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The Latest Breaking News from PwC

Morning Mail: supermarkets’ ‘cosy’ duopoly, Kevin Spacey cleared, Sinéad O’Connor dies

Exclusive shows Coles and Woolworths have fattened profits compared with UK peers, music world mourns Irish singer, and Kevin Spacey cleared

The Guardian - AU

NSW police taskforce to investigate spate of shootings – as it happened

Follow live news updates today

The Guardian - AU

22 years after the $63 billion Enron collapse, a key audit review board finds the industry in a 'completely unacceptable' state

In 2001, the Big Five became the Big Four, and now the PCAOB again finds "audit quality is moving in the wrong direction"—a 40% error rate.

Fortune

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

PwC promoted firm it part-owned in ‘independent’ mental health report for Australian government

Exclusive: Report referenced key findings from trials by Innowell, in which PwC had a 45% shareholding

The Guardian - AU

PwC tax leak made it harder for Australian firms to win government IT contracts, Senate hears

Vault Cloud CEO tells inquiry whole-of-government tech contracts rigged in favour of multinationals

The Guardian - AU

PwC scandal: PwC Australia reached confidential settlement with ATO months before tax scandal fallout revealed

Embattled consultancy would not divulge details of deal, which was struck two months before the federal government referred the matter to the AFP

The Guardian - AU

Turnbull government’s $33m grant went to company part-owned by mental health commissioner after lobbying

Exclusive: Funding to Innowell in 2017 without competitive tender was for mental health app and followed months of lobbying by Prof Ian Hickie. There is no suggestion of wrongdoing by Hickie

The Guardian - AU

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Essential poll: sizeable support for Daniel Andrews’ decision to scrap Commonwealth Games

Almost 60% of people support players receiving equal pay in the Women’s World Cup

The Guardian - AU

Data stolen in MOVEit breach leaked by notorious ransomware gang

Russian ransomware group Clop is estimated to make up to $100 million from its MOVEit campaign.

TechRadar

It's not just tax. How PwC, KPMG and other consultants risk influencing public health too

Concerns about the use of private consultancy firms advising government – such as PwC, KPMG, Deloitte and EY – has led to a Senate inquiry.

The Conversation

My 3-point plan to untangle the public service from consultants such as PwC

This week the Albanese government produced a detailed breakdown of the A$3 billion it plans to save over four years by cutting the use of outsourced labour and consultants.

The Conversation

PwC partner wins injunction over retirement move

A partner of PwC is taking the embattled consultancy giant to court over his forced retirement after an investigation into misuse of confidential information.

AAP

PwC-backed mental health platform was scrapped after $33m government trial launched without open tender

Experts call for transparency over grant awarded to Innowell, whose platform is no longer used by the federal health department

The Guardian - AU

Daniel Andrews’ $7bn Commonwealth Games price tag doesn’t add up, expert says

Grattan Institute analyst says ‘the supply and cost inflation can’t fully account for this massive increase in costs’

The Guardian - AU

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The Guardian - AU

Afternoon Update: Albanese talks tough on voice; Big W removes sex book after staff abused; and new development in Tupac’s murder

Prime minister says it is ‘dumb’ to expect change without Indigenous voice

The Guardian - AU

Public servants complained about PwC ‘spamming’ them with unsolicited work offers, emails reveal

Correspondence released by agriculture department shows level of discomfort among officials about embattled firm’s efforts to land new contracts

The Guardian - AU

EY chief blasts PwC Australia for ‘disturbing and disappointing’ tax leak scandal

In Senate inquiry, David Larocca seeks to distance EY from PwC scandal but faces criticism for not providing more information about business

AAP

Consultancy workplace culture 'not perfect': EY chief

One of the big four consultancy firms says workplace culture needs to change, as a parliamentary committee probes the embattled sector.

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news in one place.

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Fortune

‘I’m incredibly privileged’: Deloitte Australia’s CEO says he’s not worth his $2.3 million pay package at public hearing

Adam Powick admitted to being overpaid at a public hearing that is part of a larger inquiry into the integrity of consulting firms following a tax scandal at PwC.

The Guardian - AU

Australian government spending on big four consultancy firms up 1,270% in a decade, analysis shows

PwC, Deloitte, KPMG and EY face scrutiny as critics warn core functions of democracy should not be outsourced

The Guardian - AU

Afternoon Update: climate crisis hits as temperatures soar above 50C; Australian rescued after two months in Pacific; and a Women’s World Cup guide

China and US meet to begin climate talks in Beijing to address a ‘challenge to all of humanity’

The Guardian - AU

Morning Mail: School funding bias revealed, Djokovic dethroned on centre court, Australian women claim Ashes

Government funding since the landmark Gonski education review has gone to the schools ‘least in need’; Carlos Alcaraz wins the Wimbledon title

Evening Standard

Dealmaking dearth and UK stock slowdown stokes fears over the City

London third in European IPO rankings behind Istanbul and Milan

The Guardian - AU

Deloitte admits misuse of government information as scandal engulfing PwC widens

Another big four consultancy firm confirms a conflict of interest breach during Senate inquiry, which could prompt further investigations

The Guardian - AU

PwC admits to another conflict of interest breach

The 2018 breach is separate to the existing scandal over tax policy information that has triggered a reputation crisis for the firm

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