Deloitte’s annual income jumped more than 14 per cent to $2.85 billion in 2022-23 and is on target to become the largest of the big four firms this financial year thanks to the collapse in revenue at PwC.
The scandal, which involved the firm using confidential government information to help clients sidestep new tax laws, has caused unprecedented scrutiny of the major consultancies’ operations.with the Senate committee examining consultants last Monday, said the firm’s 2022-23 performance was helped by strong sales in the first six months of the firm’s financial year.
Mr Powick said the firm’s leadership was still considering whether it would provide its partnership deed to the Senate committee examining consultants, after being criticised for refusing to supply the material when first requested. He pointed to the UK where the Financial Reporting Council regulates auditors, accountants and actuaries as well as setting the UK’s corporate governance codes.
Mr Powick said Deloitte would not emulate Allegro’s plan to create a new firm, Scyne, that only consults to public sector organisations. But he said Deloitte is reviewing whether it will continue making in-kind political donations and buying membership to various politically-aligned groups.
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