Scandal-rocked accounting organization PwC Australia sells govt business division for A$1

Accounting organization PwC Australia has announced to promote its federal government company to one more agency for a mere A$1 right after a scandal uncovered in January rocked the company’s boat. In early 2023, it was exposed that an ex-partner of PwC Australia experienced leaked labeled paperwork to a single of his colleagues, who made use of them to pitch to opportunity purchasers. The ex-partner was working as an advisor to the Australian govt.

‘Shocking breach of trust’

According to a report by BBC, the accused husband or wife had leaked the drafts of company tax avoidance rules, amounting to a key violation of specifications set by PwC. The leaks took put involving 2014 and 2017, on the other hand, the corporation clarified that the confidential facts was not utilised to support clientele evade taxes.

Previously this thirty day period, PwC Australia declared it experienced compiled a checklist of 76 latest and former companions who it believes had been included in the scandal and handed it above to Australian lawmakers.

Former chief govt of PwC Australia Tom Seymour was also uncovered included in the scandal as he admitted to being a person of at minimum 67 recipients of the classified

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