Top business chief Ziggy Switkowski AO has been put in to look underneath the hood at embattled consultancy PwC after it grew to become mired in a tax scandal.
The former Telstra boss will lead the evaluate after a former PwC companion was caught sharing confidential federal authorities tax coverage data to different companions and workers.
Peter-John Collins was discovered sharing the Treasury intel on measures to enhance tax legal guidelines, together with guidelines to cease multinationals avoiding tax by shifting income from Australia to tax and secrecy havens.
The former companion has since been banned from the occupation however the fallout from the scandal continues, with the agency ready to sack extra workers if the investigation requires it.
“We will not hesitate to take the recommended actions, including, where appropriate, exiting further people and partners from the firm,” the agency stated in a press release.
On Monday, PwC introduced Tom Seymour – who had already stepped down from his place as chief government officer – would retire in September to “enable an orderly transition”.
The firm has additionally introduced in a world chief with the agency as a chief danger and ethics chief.
PwC Australia appearing head Kristin Stubbins stated Dr Switkowski could be empowered to carry out a rigorous and sturdy evaluate of the agency’s governance, accountability and tradition.
“We are committed to learning from our mistakes and ensuring that we embrace the high standards of governance, culture and accountability that our people, clients and external stakeholders rightly expect.”
The federal authorities has additionally been underneath stress from the Greens, independents and others to ban authorities contracts and do extra to punish the agency.
Source: www.perthnow.com.au
