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In June, PwC sold off its government consulting business, leaving PwC Australia as a tax advisory firm only. The consulting arm was sold for the price of $1 to private equity firm Allegro Funds. The business was renamed Scyne Advisory. [62] Scyne began with 117 former PwC partners, but would make over 1,500 offers of employment to other PwC staff.
After scandals in Australia and China this year, PwC has lost business in the Asia-pacific region. On Monday, the Big Four consulting firm reported a 12.7% decline in net income in the region for ...
PwC Australia's chief executive apologised profusely to senators on Thursday for the leak of confidential tax documents, as he was grilled about the involvement of overseas partners in plans to ...
PwC Australia provided Google confidential information about the start date of a new tax law leaked from Australian government tax briefings, according to two sources familiar with the matter. PwC ...
Seymour initially planned to retire in September [12] but resigned three days after admitting his knowledge about the controversial strategy of the international tax advisory practice in Australia. [17] [14] Following Seymour's resignation, Kristin Stubbins was appointed as the Acting CEO for PwC Australia [11] [12] until her resignation in ...
In 2018, PwC Australia CEO Luke Sayers was connected to perceived conflict of interest issues on a related to a personal investment in Australian Visa Processing (AVP), [221] a company part-owned by PwC that was submitting a tender to redesign and run Australia's visa processing system that is potentially worth billions of dollars, which would ...
PwC Australia has reported the breach to the U.S. accounting watchdog, the Public Company Accounting Oversight Board (PCAOB), which requires accounting firms to report legal or compliance issues ...
On 7 March 2023, at the conclusion of a nine month trial, the court found Adam Cranston, Dev Menon, and Jason Oxley guilty of taking part in a $105 million tax fraud. On 13 March 2023, a fourth accused, Lauren Cranston, was found guilty of conspiring to cause a loss to the Commonwealth Government and conspiring to deal with more than $1 million ...