PwC Australia tax scandal and its impact on governance

FILE PHOTO: PwC sign is seen in the lobby of their offices in Barangaroo, Australia June 22, 2023. REUTERS/Lewis Jackson/File Photo

CANBERRA: The Australian arm of PricewaterhouseCoopers (PwC Australia) has pledged to boost its corporate governance controls in response to firm-commissioned reviews faulting its culture for a leak of government tax plans.

The tax leak scandal has shaken the country’s consulting and auditing industry since it became public in January. Here’s a rundown of what’s happened so far and what may come next.