Yesterday
- Exclusive
- Big four consultants
EY to cut 100-plus staff amid advisory downturn
The big four firm will cut more than 100 roles next week, or about 1 per cent of its 10,000-strong workforce, due to the downturn in the consulting market.
- Edmund Tadros
This Month
- Opinion
- Workplace culture
Why it doesn’t pay to be a working-class professional
Social class is a bigger barrier to career progress than gender or ethnicity, a study by KPMG in Britain has shown.
- Pilita Clark
Police investigated sexual assault allegation against PwC employee
A woman is suing PwC Australia under workplace laws. Both parties agreed on Friday to attend mediation.
- Max Mason
Deloitte to appoint independent members to board
Deloitte Australia will appoint independent members to its 10-person board to provide an external perspective on the way the big four firm operates.
- Edmund Tadros
Big four partners split 44pc of income to cut tax bill: ATO
Big four consulting firm partners distributed $1.2 billion of their collective $2.7 billion profit via trusts and other income splitting measures to reduce their tax bill, the ATO says.
- Edmund Tadros
- Opinion
- Venture capital
Sayers knows the importance of trust. Has he lost his in PwC scandal?
The former chief executive came off badly from a Senate inquiry, undermining years spent carefully cultivating a reputation for integrity.
- Aaron Patrick
Luke Sayers is done with the PwC scandal. It’s not done with him
Unethical behaviour “ignored”. “Implausible”. “Scarcely credible”. How can this assessment be any worse?
- Myriam Robin and Mark Di Stefano
US regulator fines PwC Australia for late disclosure of leaks scandal
PwC Australia was sanctioned for failing to disclose that it was being investigated for more than a year, in the latest fallout over its tax leaks scandal.
- Updated
- Timothy Moore and Edmund Tadros
March
Sayers evidence on PwC tax leaks ‘implausible’, Senate finds
A Senate committee has called testimony by former PwC Australia chief executive Luke Sayers “implausible” and questioned the “truthfulness” of aspects of his evidence.
- Edmund Tadros
PwC cover-up of tax leaks scandal ‘worsens the crime’: report
A Senate committee said PwC Australia had yet to demonstrate that it has reformed its operations “beyond superficial commitments to change”.
- Updated
- Edmund Tadros
PwC’s ‘project Snow Gum’ eyes sale to big four rival
PwC sought buyers for the firm’s indigenous consultancy unit, once a source of great pride. Enter Deloitte.
- Updated
- Mark Di Stefano
Bankers’ housing alert; Lew’s $3b bet; PwC’s power players
Read everything that’s happened in the news so far today.
The five partners with ultimate power over the $81b PwC global network
The once-secret agreement between PwC International and its member firms gives the global network leadership team sweeping control powers of “defaulting” firms.
- Edmund Tadros
- Exclusive
- Venture capital
Blackbird slashes valuations of top Aussie start-ups
Culture Amp, Eucalyptus and Hivery are among start-ups backed by Blackbird, that have been marked down by independent auditors, as valuations fall across the sector.
- Jessica Sier
PwC appoints ex-Stockland exec as new chief people officer
PwC Australia hires Stockland’s Karen Lonergan as the big four firm continues to push through reforms to its operations following the tax leaks scandal.
- Edmund Tadros
Ex-PwC chief Tom Seymour joins the mattress business
The ex-PwC CEO has been a director of the holding companies behind Sealy Posturepedic since December.
- Updated
- Myriam Robin
China scrutinises PwC role in $118b Evergrande fraud case
Authorities are examining the role of PwC in China Evergrande Group’s accounting practices after the developer was accused of fraud.
- Bloomberg News
Senators slam PwC global boss for rejecting tax leak request
Bob Moritz has been accused of acting ‘like Dr No’ after refusing to provide the legal report into PwC International’s involvement in the firm’s tax leaks scandal.
- Updated
- Edmund Tadros and Maxim Shanahan
China accuses Evergrande of ‘shocking’ $119b fraud
The allegations mark the latest blow for founder Hui Ka Yan, once among Asia’s richest tycoons, who oversaw an empire that spanned real estate to electric vehicles.
- Updated
- Mengchen Lu
- Updated
- Accounting
Court actions against Deloitte, EY, KPMG and PwC
The big four consulting firms face a range of court actions over their auditing and advisory work. The list was last updated on March 18, 2024.
- Updated
- Edmund Tadros and Hannah Wootton
