PwC global execs take the reins at Australian unit amid tax leak scandal May 18, 2023 PwC’s global bosses will take control of its Australian business after the unit became embroiled in a tax leak scandal. International executives were flown out earlier this month to help contain the crisis, but they are now set to stay for several months longer in a bid to prevent any further damage to the firm’s [...]
PwC fires eight Aussie partners including former CEO over tax leaking scandal July 3, 2023 PwC Australia has fired eight partners including its former chief executive as it scrambles to draw a line under a government leaking scandal that has engulfed the firm down under.
PwC steps down from auditing heavily-indebted property developer Evergrande January 17, 2023 PwC has resigned as Evergrande’s auditor following a series of disagreements with the heavily-indebted property developer over its audit of the firm’s 2021 accounts. In a filing to the Hong Kong stock exchange, Evergrande said its board had decided to replace PwC as the company’s auditor after the two parties failed to reach an agreement [...]
Why PwC’s Global Sports Survey is good news for the owners of Manchester United and Liverpool February 7, 2023 From Chelsea’s record-breaking spending on new footballers to debate over the future of the Davis Cup and Billie Jean King Cup in tennis and the arbitration between legacy tours and LIV Golf, private equity and sovereign wealth have been intertwined with some of sport’s biggest stories so far in 2023. The trend is only set [...]
PwC fined £7.5m over repeated failures in audit of Babcock International’s accounts March 8, 2023 Britain’s accounting watchdog has fined PwC and two of its former partners a combined sum of almost £8m over repeated failures in the firm’s audits of UK defence company Babcock International and its Plymouth dockyard subsidiary. The UK’s Financial Reporting Council (FRC) hit PwC with a £7.5m fine – discounted to £5.625m for the firm’s [...]
PwC strikes deal with San Francisco startup to let lawyers and tax experts use AI chatbot March 15, 2023 PwC has struck a deal to start using an artificial intelligence (AI) chatbot to speed up work in its tax and legal divisions as the world’s top professional services firms increasingly look towards tech to boost efficiency. The accounting firm’s initial 12-month contract with San Francisco startup Harvey will see all 4,000 staff in PwC’s [...]
In-house lawyers will need both investment and a more proactive approach to survive, says senior PwC exec March 8, 2023 PwC is seeking to profit on the global downturn by offering companies advice on ways they can overhaul their in-house legal segments, to boost growth and cut costs. The Big Four firm is claiming businesses must fundamentally transform their in-house legal departments, in order to survive in an increasingly competitive world. This means turning risk [...]
Pensions fund collapse fears were ‘overreaction’, says PwC executive October 3, 2022 Fears of a wave of pension fund insolvencies last week were an “overreaction”, the global pensions chief of PwC said today, after concerns spread amid the fallout of the government’s so-called mini budget.
PwC seeks to bolster top ranks by poaching partners from Big Four rivals December 4, 2022 PwC is seeking to bolster its top ranks by poaching partners from its Big Four rivals. The accounting firm is hoping to hire up to 500 new partners with expertise in tax, cloud services, financial crime, and ESG advice, the Financial Times first reported. In doing so, PwC is seeking to take advantage of discontent [...]
PwC sued by employee over pub crawl brain injury August 22, 2022 A 28-year-old auditor, who suffered a serious brain injury on a work night out, is suing PwC over claims the firm bears responsibility for the behaviour of a manager who encouraged excessive drinking. Michael Brockie, 28, suffered a “moderate-severe brain injury” during a “pub golf” night organised by his superior, that left him with “persistent [...]