Big Four firm pledges to publish results from internal review this year
Emails released by an Australian senate committee earlier this month show former PwC Australia tax partner Peter-John Collins emailed other PwC offices details of discussions he had been involved in with Australian officials on tax policy.
The release of redacted emails between Collins and other PwC partners, both in Australia and internationally, has created a global crisis for the firm. Tom Seymour, the head of PwC Australia, resigned this month, while the Australian Treasury has referred the situation to the federal police to consider a criminal investigation.
Tracey Kennair, chair of PwC Australia’s governance board, and Paddy Carney, chair of its risk committee, have stood down from their roles. Deborah O’Neill, a senator for the ruling Labor party that triggered the release of the redacted emails, said that the scandal had raised questions about the entire consulting industry. “The contagion is real,” said O’Neill. “Those people that have put money above integrity have had a field day.”
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