The former CEO will retire from the partnership at the end of September, as the firm revealed former Telstra CEO Ziggy Switkowski will examine the tax leaks scandal. ausbiz
Why it matters: PwC used secret government info to advise clients how to sidestep new tax lawsPwC’s global leadership has now intervened and is doing its own reviewThere are calls for PwC to be banned from government contracts over the scandal
Former PwC Australia CEO Tom Seymour will retire from the partnership at the end of September, the firm has announced, while former Telstra CEO Ziggy Switkowski will lead an independent review into its tax leaks scandal.Dr Switkowski will examine all aspects of the firm’s governance, accountability and culture and report back to the big four consulting firm by September. The firm has pledged to make a summary of his key recommendations public.
It’s understood the firm’s leadership is prepared to ask more partners to retire over the tax leaks and has not placed any limit on the areas that Dr Switkowski can investigate. “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,” acting CEO Kristin Stubbins said.
“Dr Switkowski will have access to all the people and information he needs to conduct a rigorous and robust review. We look forward to receiving his report and acting swiftly on its recommendations.”
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