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  1. PwC review uncovers up to $25m in underpayment by jewellery chain

    for a number of the company’s store-based workforce in Australia. The remediation of these issues, which occurred over the last six financial years, is estimated to be a one-off cost in the range of $10 million to $25 million. “It is not presently...

  2. PwC reforms a disproportionate response: CA ANZ

    and administrative changes progressively over a two-year period. Treasury published the first batch of proposed changes last month in draft legislation on tax promoter penalties, tax secrecy laws, whistleblower laws and the Tax Practitioners Board....

  3. PwC pushes further into legal services

    a shift in the way that big four firms have approached an expansion into the legal sector. “If I can be bold, maybe the last time the accounting firms or the big four entered the market, they didn’t always go into the legal sector at the right level or...

  4. PwC probes ‘racist and offensive’ internal staff event

    an internal trivia event, with the firm expediting a review into the incident. The virtual trivia event, which took place last Thursday, saw one HR executive allegedly dressed up as a “bat from Wuhan” during a sketch, while another mocked Chinese...

  5. PwC posts double-digit revenue growth

    its full-year results to 30 June 2019, delivering 11 per cent revenue growth to $2.6 billion, up from $2.35 billion last year. Its assurance business had its strongest year of growth in the past seven years, with its audit business growing by 9 per cent...

  6. PwC posts $2.2bn revenue for FY21

    well as our core business offering in assurance and tax.” Partner profits were up as well, 18 per cent higher than they were last year, when the firm booked a 15 per cent reduction. The firm said better-than-expected profits enabled it to make...

  7. PwC partners fined, staff stood down over ‘racist and offensive’ internal event

    Seymour says. PwC Australia mounted an expedited investigation into the behaviour of staff at an internal trivia night late last month after one HR executive allegedly dressed up as a “bat from Wuhan” during a sketch, while another mocked Chinese...

  8. PwC partners failed to self-disclose, CA ANZ admits

    tax secrets scandal unfolded this year, the professional body admitted at the parliamentary inquiry into financial services last week, even though this is required under the body’s rules. Senator Deborah O’Neill (pictured) said the CA ANZ bylaws created...

  9. PwC partner finds significant refund hold-ups

    more Australian companies to engage in R&D, by providing a targeted tax offset. It is a self-assessment programme. For the last six to 18 months, and particularly coinciding with the release of two taxpayer alerts which warn against deliberate misuse of...

  10. PwC outlines next steps for AI transformation program in annual report

    There was also a reduction in the number of partners at the firm, with PwC reporting a total of 575 partners at the end of last year, down from 628 in the previous year. Average partner income increased to $814,000 for 2025, up from $767,000 in the...

  11. PwC ousted acting CEO Kristin Stubbins ‘against her will’, inquiry hears

    after it used its management powers to seize control of the local arm in response to the tax leaks scandal. During a hearing last month, they accused it of “thumbing its nose at Parliament” by withholding a key report on international partners’...

  12. PwC names 64 new partners

    capability to work with clients to execute those strategies. "We've also invested in growing our presence in Western Sydney. Last week we released research which shows that one fifth of the nation's economic output comes from just 10 locations, with...

    • Type: Article
    • Author: Michael Masterman
    • Category: Business

  13. PwC names 22 partners in first intake since tax scandal

    of 2023. Among the new partners was chief executive Kevin Burrowes, who had his partnership transferred from the UK in July last year, the big four firm said on Monday. Burrowes said the partners would be leading their teams in delivering PwC's...

  14. PwC establishes vaccine mandate as states reopen

    return to the office once 80 per cent of the over-16 population in NSW is fully vaccinated, but only if they want. “As with last time and the experience after Melbourne’s lockdown, we are expecting that the number of people returning will be low...

  15. PwC commits to reconciliation action plan

    firm in the PwC global network which maintains an Indigenous majority owned, managed, and 60 per cent staffed operation. Last year, PIC was highly commended and named “Organisation to Watch” in the Shared Values Awards. PIC was also the first Indigenous...

    • Type: Article
    • Author: Reporter
    • Category: Business

  16. PwC CEO’s secret $1.2m payment sparks fresh ethics concerns

    transparent” with Parliament. Chief risk and ethics officer Jan McCahey, who only found out about the payment last month while preparing for the committee hearing, said the work Burrowes was doing for PwC International and Australia was “very aligned”....

  17. PwC CEO reappointed for further 4 years

    prior to that served as PwC Australia's national managing partner. "It has been a privilege to lead PwC Australia over the last four years and I'm honoured to be given the responsibility of guiding the firm over the next four," Mr Sayers said. "I look...

  18. PwC caught up in Oscars 2017 saga

    the envelopes encasing the winners of each award to the presenters. The awards night went off without a hitch until the last and most prestigious award of the night, Best Picture. Mr Cullinan accidentally handed the wrong envelope to presenters Warren...

  19. PwC axes over 300 jobs in major restructure

    and private sector clients.” This latest round of job cuts follows previous job losses at PwC announced in November last year as the firm continues to grapple with the fallout of its tax leaks scandal and reduced demand. In November, 141 jobs were cut...

  20. PwC appoints two leading lawyers

    Mr O’Malley was King & Wood Mallesons' managing partner Australia and its deputy global managing partner until early last year. Mr Blue was the managing partner responsible for the firm's Corporate M&A and Tax practices and has held various other...

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