The veteran reviewer’s examination of PwC can be read as a treasure map to consultancy riches.
has instead neatly systematised the problem, removing it far above petty details such as the emails forwarded, briefings ignored and warnings unheeded.for the granular stuff. But that doesn’t make Switkowski’s investigation useless. If read as a guide to how to get ahead at the firm, it’s a veritable treasure map.
“Winning the CEO election … relies on allegiances across the partnership,” the review states. Being a lifer helps, and in 2020 whenemerged triumphant, the final candidates all fit a similar mould, “having worked their way up the ranks”. Of course, outwardly, PwC’s promotions prioritise all sorts of diversity. Cognitively though, most are cut from the same cloth.
When a body like the Tax Practitioner’s Board makes disastrous decision-making blatant and unavoidable, senior leaders will speak of “troublesome practice matters” only “in riddles”, alluding to pitfalls in the manner of impenetrable sages rather than in the blunt language of accountability. The point isn’t to hammer their colleagues/constituents, but to get through the awkwardness as delicately as possible.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
PwC scandal: Former PwC partners put firm on notice over release of tax leaks reportsFormer personnel say they have not been given the opportunity to challenge any unflattering or critical assertions that might be in Ziggy Switkowski’s findings.
Read more »
PwC tolerated poor behaviour, gave CEO too much power, review findsPwC Australia oversaw a culture that fostered a “whatever it takes” approach and created a chief executive office role that was unaccountable to the board, a new report has found.
Read more »
‘Shadow’ culture of profit first blamed for PwC tax leaks scandalA scathing report into PwC Australia has blamed a ‘shadow’ culture which tolerated bad behaviour in the pursuit of profit “growth at all costs”, and lack of governance practices that “went unexamined and uncorrected for many years” for the firm’s tax leaks scandal.
Read more »
‘Growth at all costs’: what PwC report foundThe Australian firm’s mindset in recent years was “growth at all costs” with a spotlight on “revenue, revenue, revenue”.
Read more »
PwC’s ‘rainmaker’ partners often pursue profits ahead of ethics, scathing review findsInternal review led by former Telstra boss Ziggy Switkowski finds ‘whatever it takes’ culture at accounting firm contributed to serious ethical failure
Read more »
Haughty PwC made the same mistakes it preached aboutZiggy Switkowski’s review of PwC reads like a description of everything that went on inside the big banks before the royal commission. With one crucial difference.
Read more »