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The PwC tax scandal was a scandal involving PwC's abuse of Australian Government secrets to enrich itself and its corporate clients. PwC, and other Big Four accounting firms , give advice to governments on writing tax law, and also corporations seeking to avoid those laws.
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After two scandals this year, PwC's business in the Asia-Pacific region has fallen. The firm's license to operate in China was suspended for six months for its involvement in a fraud case.
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The LIBOR scandal is being called the "Wall Street scandal of all scandals" and the "rotten heart of finance," but the massive fraud can be hard to fathom for anyone who doesn't follow the markets.
Reports on PwC's involvement in the Australian tax scandal revealed an alternate "shadow culture" that operates separately from its public-facing culture. The "shadow culture" prioritizes loyalty to superiors, unquestioning acceptance of the status quo, and a mentality of revenue "growth at all costs", even to the point of rulebreaking.
Example of a more complex EPC diagram (in German). An event-driven process chain (EPC) is a type of flow chart for business process modeling. EPC can be used to configure enterprise resource planning execution, and for business process improvement. It can be used to control an autonomous workflow instance in work sharing.