Consultancy agency PwC Australia has introduced it can reduce ties with eight companions after it was rocked by a tax avoidance scandal.
The skilled providers partnership has wrapped up its investigations into the dealing with of confidential Treasury info and different “past failures”, it mentioned on Monday.
It discovered there have been a variety of “specific examples” the place skilled requirements had been breached relating to the misuse of confidential info and different ATO-related issues.
Additionally, the agency discovered there was a scarcity of management and governance to adequately deal with the issues, with such behaviours breaching PwC’s requirements.
Eight companions have exited or are within the technique of being faraway from the partnership.
PwC mentioned that Peter Konidaris and Eddy Moussa had exited the partnership as a result of “their actions failed to meet their professional responsibilities”. For related causes, Richard Gregg has been given discover {that a} course of has began underneath the Partnership Agreement to take away him from the partnership.
Also, Pete Calleja and Sean Gregory have exited the PwC partnership. PwC mentioned it was taking motion towards the pair because of their “failure to adequately exercise their expected leadership or governance responsibilities to prevent these actions or to address the deficiencies in culture at the firm or hold others accountable for their behaviours”.
Additionally, Peter van Dongen, Wayne Plummer and Tom Seymour have been given discover of PwC Australia’s findings towards them. A course of has began underneath the Partnership Agreement to take away them from the partnership.
Tom Seymour’s advisable exit is sooner than his beforehand introduced retirement date.
More to come back
Source: www.news.com.au
