PwC Financial News

08.08 / 04:53

Provident FIVE Strategy PwC Accenture Deloitte In about-face, McKinsey, BCG to appear before consulting inquiry

McKinsey and Boston Consulting Group have agreed to appear at the Senate inquiry into consulting after earlier declining to testify before the committee and failing to answer most of the questions posed by the senators about their operations.

08.08 / 03:21

UPS Aware Align PwC Inside Stocks to Watch: RIL, Godrej Consumer, Paytm, Tata Chemicals, HDFC Bank

Reliance Industries: Reliance Industries Ltd (RIL) has seen a substantial uptick in incidences of “voluntary separation" in its retail and telecom divisions in 2022-23. Attrition rates rose by 64.8% over FY22, according to the annual reports of the conglomerate. Although the conglomerate spanning oil to telecommunications boosted its hiring efforts, the momentum was lost following its acquisitions as operational redundancies led to duplication of roles across various functions, said three people aware of the development.

07.08 / 23:09

Provident Aware CEO Action Fighting PwC show Tax Office warned PwC chief Sayers to read the emails

The Tax Office first raised its concerns related to the conduct of PwC’s tax division with Luke Sayers on August 29, 2019, when second commissioner Jeremy Hirschhorn urged the firm’s then-CEO to “personally review the internal emails”.

07.08 / 14:59

PwC services PwC India resigns as auditor of Paytm Payments Services Ltd

Batliboi & Associates LLP (Firm Registration No. 101049W/E300004) has been appointed as the Statutory Auditors of PPSL with effect from August 07, 2023 as per applicable provisions of Section 139 of the Companies Act, 2013.

07.08 / 09:29

UPS Provident FIVE PwC ATO Move to break ATO ‘culture of secrecy’ welcomed

Former ATO deputy commissioner Mark Konza has welcomed moves to relax the secrecy provisions that helped keep the PwC tax scandal hidden for five years.

07.08 / 08:19

UPS Provident CEO PwC Deloitte ANZ EY, KPMG chief executives back a tougher, single watchdog for firms

Leaders at Deloitte, EY and KPMG will call for fragmented regulation of the sector to be replaced by a single set of standards as part of a Treasury review into their firms they hope will restore public trust in the sector.

06.08 / 20:25

UPS BLOCK PwC cover Expect a fierce response to Labor’s PwC reforms

The key to the ambitious changes the government is promising in response to the PwC leaks scandal will be in the execution – how much of it can Labor get up?

06.08 / 14:25

Facebook UPS Reuters Google PwC Leak Australia announces tax adviser crackdown after PwC leak scandal

By Lewis Jackson

06.08 / 07:07

UPS Provident PwC Discover awards cover KPMG accused of inflating Defence invoices, billing for hours never worked

KPMG submitted inflated invoices and billed Defence for hours that were never worked, according to new allegations aired on ABC investigations program Four Corners.

06.08 / 03:09

UPS Provident Action PwC Deloitte cover ‘Not fit for purpose’: Sweeping response to PwC scandal

Consulting firms caught promoting tax exploitation schemes will be fined up to $780 million, a 100-fold increase, under the Albanese government’s sweeping response to the PwC tax leaks scandal.

03.08 / 18:45

UPS Provident Aware Manufacturing Platform PwC KKR KKR may bid for Zydus family’s clinical research biz Cliantha

MUMBAI : KKR & Co. is weighing a bid for Cliantha Research, the clinical research organization (CRO) owned by Pankaj Patel and family, the promoters of Zydus Lifesciences Ltd, two people familiar with the development said. The asking price for the asset is said to be in the range of $200 million, Mint reported in May.

03.08 / 04:43

PwC China rules the $94-trillion global infrastructure market. India wants a share of the pie

The world would need $94 trillion between 2017 and 2040 to create infrastructure that can improve lives, according to Oxford Economics. PwC estimates the requirement at $3.9 trillion annually.

03.08 / 01:07

UPS CEO PwC SoftBank show stage CXOs log out of unicorns to start up own ventures

funding winter in the startup world is making several C-suite executives who helmed trailblazing new-age companies in recent years to quit and set up their own companies or join early-stage businesses that are receiving investor funds. A large number of top executives have moved from unicorns to Series A and B firms or even down the chain in recent months – a move that reflects fund flows in the startup space.

02.08 / 22:24

COST UPS CEO PwC show Posthaste: Is the Great Resignation back on? More workers planning to quit as pressures mount

The rising cost of living coupled with dissatisfaction at work are prompting more Canadians to consider quitting their jobs — threatening to usher in a fresh wave of the so-called Great Resignation.

02.08 / 09:47

UPS Target MET Digital Strategy PwC PwC breakaway unit Scyne appoints interim chief

Scyne Advisory has appointed former PwC partner Richard Gwilym as its interim chief executive as the breakaway firm continues pitching its new approach to public sector consulting to wary federal and state government departments.

02.08 / 08:17

COST UPS BLOCK Fighting PwC Deloitte expansion audit Audit firms fight to block expansion of fraud detection role

New York | The world’s largest accounting firms are fighting to block new rules in the US that would force them to take more responsibility for rooting out fraud at the companies they audit.

02.08 / 03:05

Software PwC PayDay performer Deal collapses Deal off! Potentia Capital’s Micromine sale collapses

It’s back to the drawing board for Potentia Capital after attempts to sell its mining software business Micromine collapses.

01.08 / 18:41

Digital Google PwC show country UPI records 9.96 billion transactions in July worth Rs 15.34 lakh crore

UPI) registered 9.96 billion transactions in July, with the total value for the month hitting Rs 15.34 lakh crore, according to data from the National Payments Corporation of India (NPCI). This shows a 6.6% jump in the number of transactions via UPI from 9.34 billion in June.

01.08 / 14:21

COST UPS Provident Assurant PwC social Assurance players seek Sebi clarity on ‘overly restrictive’ ESG assurance rule

ESG refers to environment, social and governance. The firms provide a variety of permissible and non-conflicting non-audit services like tax, compliances and other advisory services to major companies. The Sebi notification on July 12 said, “The listed entity shall ensure that there is no conflict of interest with the assurance provider appointed for assuring the BRSR Core.

31.07 / 01:15

UPS Provident BLOCK Dreams PwC Genesis Capital invests in AusTrials; clinical trials M&A heats up

Private equity’s running a fever dream on clinical trials businesses.

30.07 / 19:29

Provident Aware PwC show PwC settled ‘false LPP’ penalties days before bid to suppress emails

The Tax Office signed a confidential settlement with PwC in March involving the firm’s false claims for legal professional privilege over 150 documents related to tax advice to a multinational client.

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