PwC work suspended by $77-B Australian pension fund

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PwC work suspended by $77-B Australian pension fund
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Australia’s fourth largest pension fund suspended new work with PwC Australia on Tuesday, the latest in a string of funds to pause work with the accounting firm over a scandal which first surfaced in January over the misuse of government tax plans.

, which was UniSuper’s internal auditor according to the fund’s 2022 annual report, declined to comment.has provided the Fund with an assessment that the relationship we have built over years has not been affected by this situation, we have sought further assurances on this matter,” a UniSuper spokesperson said.

partner who advised the Australian government on anti-tax avoidance laws had shared confidential drafts about the government’s plans with colleagues then used this to drum up business with companies.a string of high profile clients, including the Reserve Bank of Australia, and forced the sale of its lucrative government consulting business for A$1.

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