https://www.smh.com.au/business/the-economy/accountants-were-boring-until-the-government-paid-them-billions-to-do-its-job-20230530-p5dcbo.html
s we watch the Albanese government and the Senate crossbench getting to the bottom of what’s become “The PwC Scandal” https://www.smh.com.au/topic/pricewaterhousecoopers-1mvg, it’s important to join the dots. It’s not just a question of who did what and when, and how they’ll be held accountable for their actions. It’s more a question of how did a formerly highly respected firm of chartered accountants come to behave in such an unethical and possibly illegal way. And how did the federal government allow itself to get into such a compromised position?
The consultants – few of whom would be accountants – have become the fat tail wagging the chartered dog.
Read the full article on the URL above'
And there is more!
https://www.smh.com.au/business/companies/pwc-had-one-product-to-sell-turns-out-it-wasn-t-a-good-one-20230530-p5dccd.html
What does a professional services firm actually sell? Knowledge and specialist expertise, obviously, but ultimately its only assets are its people, and its core product is trust.
Clients provide them the most intimate access to their affairs, trusting that the firms will use their knowledge and expertise to the client’s advantage, putting the client’s interests ahead of their own.
Read the full article on the URL above'
and also
https://www.smh.com.au/national/australia-news-live-pwc-tax-scandal-fallout-continues-crown-resorts-set-to-pay-450m-fine-over-counter-terrorism-anti-money-laundering-failings-20230530-p5dck7.html?post=p54vp4#p54vp4
PwC tax scandal sparks NSW consultant inquiry
ByAngus Thomson
The use of consulting firms by government departments in NSW will come under the microscope of a parliamentary inquiry as the fallout from the PwC Australia tax scandal continues.
RELATED ARTICLE
The ban on former PwC partner Peter-John Collins - for leaking sensitive government plans to combat tax avoidance.
https://www.smh.com.au/business/companies/the-leak-that-puts-a-multibillion-dollar-industry-at-risk-20230424-p5d2u1.html
PwC tax scandal
https://www.smh.com.au/topic/pwc-tax-scandal-6g22
The leak that puts a multibillion-dollar industry at risk
https://www.smh.com.au/business/companies/the-leak-that-puts-a-multibillion-dollar-industry-at-risk-20230424-p5d2u1.html
Greens member Abigail Boyd will chair a Legislative Council inquiry looking into the transparency and accountability of consultants, after Labor backed a push from the Greens in the upper house.
“We need to reconsider our fundamental relationship with consulting agencies who have seemingly taken over vast swathes of core government functions in recent years,” Boyd told parliament on Tuesday.
The former state government spent more than $1 billion on consultants in the five years up to 2022, according to an Audit Office of NSW report released in March.
PwC is facing growing pressure to release the names of staff implicated in the tax scandal, which is currently the subject of a Federal Parliament hearing.
Former head of tax Peter Collins was deregistered for two years for sharing confidential government briefings on multinational tax reform with colleagues and clients.