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Ousted partner claims he was defamed by PwC amid tax leaks crisis
Defamation 2023-08-11 11:29 pm By Cindy Cameronne

A PricewaterhouseCoopers partner may launch defamation proceedings against the professional services firm over two press releases which he says falsely linked him to a tax leaks scandal in an attempt to “offer scapegoats” to the public. 

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PwC partner wins lawsuit over forced departure
Tax 2023-08-11 10:47 am By Cindy Cameronne

A PricewaterhouseCoopers partner has won his lawsuit against the professional services firm over his forced dismissal, with a judge finding the decision breached a partnership agreement and that the firm had acknowledged the partner did not misuse confidential ATO information.

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PwC partner wins court order barring forced departure amid leaks crisis
Tax 2023-07-20 3:42 pm By Cindy Cameronne

A PricewaterhouseCoopers partner who is suing the accounting firm for giving him the boot over a tax leaks scandal has won an interim injunction restraining the board of partners from forcing him to leave before his case is heard.

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EY boss says PwC conduct ‘not the way we do business’
Policy and Regulation 2023-07-18 3:17 pm By Sam Matthews

Senior EY partners have condemned PwC and attempted to distance the firm from the scandal that has rocked the industry, but its cleanskin claims were met with scepticism by senators, who questioned the failure to provide EY’s partnership deed and remuneration details.

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Costs in class actions getting ‘out of control’, judge says
Class Actions 2023-06-16 10:52 pm By Sam Matthews

A judge overseeing a $192.5 million settlement in an oil spill class action against PTTEP Australia on behalf of Indonesian seaweed farmers has balked at the “very large” costs sought by Maurice Blackburn for administering the deal, expressing concerns that class action costs are “getting out of control”.

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PwC client suing for negligence agrees to keep Hawthorn property off market
Professional Negligence 2023-06-09 11:56 pm By Sam Matthews

A former PricewaterhouseCoopers client who is suing the accounting firm over the $88 million sale of wholesale food company Hudson Pacific to Retail Food Group in 2016 has agreed to keep a Melbourne property off the market, but the company has not ruled out a bid for security for costs.

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ATO denies telling tax board to wind back PwC leak inquiry
Tax 2023-06-07 11:30 pm By Cindy Cameronne

A report alleging that the ATO asked the Tax Practitioner Board to curtail its investigation of a PwC tax leaks scandal was “fundamentally misleading”, a senior tax official has said.

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KPMG admits ‘painful’ mistakes, condemns PwC scandal
Accounting 2023-06-07 11:06 pm By Cindy Cameronne

Executives from KPMG have condemned the PwC tax breach scandal as ‘disturbing’ and admitted past mistakes after the firm was rocked by an exam cheating scandal.

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‘Fundamentally wrong’: Judge pans AMP’s payment to PwC for remediation review
Financial Services 2023-06-02 3:48 pm By Cindy Cameronne

It was “fundamentally wrong” that AMP Financial Planning paid consultant PricewaterhouseCoopers significantly more to review a court-ordered remediation than was paid to customers who suffered loss after an adviser churned life insurance policies for higher commissions, a judge has said.

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PwC tax document leaks scandal referred by Treasury to police
Tax 2023-05-24 11:31 pm By Christine Caulfield

Treasury has referred the tax policy leak scandal engulfing PricewaterhouseCoopers to federal police for possible criminal investigation.

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