OPINION: A committee is asking whether the firm’s response to the tax leaks scandal shows it “lacks the capacity to act in an honest, open, and straightforward manner”.
If there is a simple message in the Senate standing committee on finance and public administration’s first report into the PwC tax leaks scandal, it is this: it’s always the cover-up that gets you., is unusual in that it was released while the committee’s inquiry continues. It appears the committee is determined to try to get it through the thick skulls of those running PwC that the firm isfailing to meet the standards of accountability, governance and culture that it says it holds dear.
Since then, PwC has stood down nine partners, but chose not to name them. It has identified four former partners whom it says received Collins’ confidential information via email. But the Senate remains furious about how PwC handled the full list of 63 names included in the Collins emails.
“Further, it is manifestly clear that PwC has failed in its duty of care towards its own partners and personnel. This failure extends not only to the staff on the list who may not have been involved in the breach of confidentiality. But it also extends to all other partners and personnel of PwC whose reputations may have been unfairly tarnished by association.
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