PwC chief executive Kevin Burrowes wants everyone to move on from the tax scandal

Australia News News

PwC chief executive Kevin Burrowes wants everyone to move on from the tax scandal
Australia Latest News,Australia Headlines
  • 📰 FinancialReview
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 90%

“We feel we’re in a good position now to start to turn to a new chapter, look to the future and drive the firm with a new strategy,” the PwC chief executive says.

PwC chief executive Kevin Burrowes says it is time to draw a line under the damaging tax leaks scandal that has plagued the big-four firm, while conceding the task of restoring its tattered reputation will take years.

Chief executive Kevin Burrowes says “it’s probably going to take us a couple of years, if not longer” to overhaul PwC.that PwC staff used confidential information to help clients sidestep tax laws the firm was helping to make. “We have to look at that level of corporate disruption and make sure the firm is able and capable to serve those clients in the way they want to be served. And that’s why it’s the right time to launch a strategy.”“It was never going to be something that was done in six months,” he said. “It’s probably going to take us a couple of years, if not longer, to get all of the actions embedded.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

FinancialReview /  🏆 2. in AU

Australia Latest News, Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

PwC Tax Leaks Scandal: US regulator fines PwC Australia for late disclosure of leaks scandalPwC Tax Leaks Scandal: US regulator fines PwC Australia for late disclosure of leaks scandalPwC Australia was sanctioned for failing to disclose that it was being investigated for more than a year, in the latest fallout over its tax leaks scandal.
Read more »

Former ASIC chief accountant Doug Niven slams audit reprieve for Deloitte, PwC, KPMG and EYFormer ASIC chief accountant Doug Niven slams audit reprieve for Deloitte, PwC, KPMG and EYDoug Niven says ASIC’s move to slash audit quality oversight could be viewed as caving in to firms angry about negative publicity.
Read more »

Senate committee lashes PwC over tax scandal, alleges cover-upSenate committee lashes PwC over tax scandal, alleges cover-upThe Senate committee that uncovered the PwC tax scandal has accused its leadership of failing to cooperate with the inquiry in an attempt to minimise reputational damage.
Read more »

Melbourne Rebels rugby union club may have traded insolvent since 2018: PwCMelbourne Rebels rugby union club may have traded insolvent since 2018: PwCThe rugby union club’s administrator, PwC, recommends it be rescued rather than liquidated to ensure creditors and staff receive the most money possible.
Read more »

PwC KPMG: Scyne settles as tax partner jumps to rivalPwC KPMG: Scyne settles as tax partner jumps to rivalConnie Heaney will be free to continue at Downer EDI under the settlement, while a senior PwC tax partner has jumped ship to KPMG.
Read more »

Family art collection left behind as PwC partner leaves AustraliaFamily art collection left behind as PwC partner leaves AustraliaThe Caddy collection contains many lovely examples of paintings and works on paper by distinguished Australian artists at tempting estimates.
Read more »



Render Time: 2025-02-13 01:06:25