PwC chief executive Kevin Burrowes says it is time to draw a line under the damaging tax leaks scandal that has plagued the big-four firm, while conceding the task of restoring its tattered reputation will take years.

After a horror period in which PwC was blackballed from lucrative federal government contracts, forced to hive off its 100-partner public sector consulting business for $1 and lost another 200-odd partners, Mr Burrowes said he was confident “enough progress” had been made to begin rebuilding.

“We feel we’re in a good position now to start to turn to a new chapter, look to the future and drive the firm with a new strategy,” he said.

“But for the 30-year veteran – parachuted in last year to lead the embattled partnership – risks abound in his aspiration to move on from revelations in The Australian Financial Review that PwC staff used confidential information to help clients sidestep tax laws the firm was helping to make.

“PwC still faces a hostile federal parliament – with all its powers to compel and hold witnesses in contempt, as well as a media megaphone in overdrive – that believes reform efforts to date amount to little more than “superficial commitments to change”.”

WHOOPSIE EVERYONE GEA has been busted not by @X really but by the number-crunching losers of #auspol Canberra Power – yes they call election strategising and criminal time-wasting that.

Mind the polycrisis.

John Blundell

Human & Ecological Health, Micro-Communal-Global Neurolinguistics, 2 to 5 Set Quantum Mathematics, Comprehensive Non-coercive Economic Reform, Philosophy of Science, #EducationForAll, FUTURES

Mount Barker, SA 🇦🇺🦘🌏, Fri 26 April 2024