PwC Financial News

19.11 / 09:49

Digital Aware CEO Strategy PwC innovations Future of leadership: AI and business disruption

By John Kallelil

17.11 / 21:41

Provident Manufacturing PwC Tesla electronic reports Taiwanese electronics giant in talks to recharge Tritium

Embattled Brisbane fast-charger company Tritium is in negotiations with Taiwanese electronics company Lite-On Technology Corporation for a key strategic stake to ensure its financial future.

16.11 / 10:30

PwC Climate change industry ESG Global investors grow sceptical of corporate sustainability reporting

Greenwashing concerns may explain the support investors expressed for new disclosure requirements, PwC said.

15.11 / 08:29

Provident CEO PwC rock information 2020 reports Mathias Cormann planned to join ex-PwC CEO Luke Sayers’ firm

Former finance minister Mathias Cormann was planning to join the consulting firm founded by ex-PwC boss Luke Sayers after he left the big four firm, the Senate inquiry into consultants has been told.

14.11 / 16:23

Provident Waves Aware PwC TUI show reports Emails show PwC helped Russians dodge sanctions

A massive leak of documents has exposed how accounting giant PwC’s Cyprus arm scrambled to help Russian oligarchs facing the threat of sanctions in March last year, moving assets out of their names in the first days of the Ukraine invasion.

14.11 / 08:19

Provident Target Williams PwC Deloitte performer surges Mid-tier firm revenue surges 17pc, outpacing big four

Strong demand for traditional auditing, accounting and tax services, along with fast-growing consulting offerings, helped boost annual revenue at mid-tier accounting firms by a breakneck 17 per cent, to $2.8 billion.

13.11 / 10:34

Provident Digital Strategy PwC innovations reports 90% organisations say gen AI will help add business lines over 12 months: report

generative AI will help them add new lines of business over the next 12 months, according to a report titled PwC's 2024 Digital Trust Insights. Newer regulations around cybersecurity and data privacy like the Digital Personal Data Protection Act, 2023, have added to the strategic importance of enhanced cyber investments for organisations, it said.

13.11 / 00:48

Provident PwC Mullen PwC spin-off Scyne appoints veteran businessman as chairman

PwC spin-off firm Scyne Advisory has appointed veteran businessman John Mullen as its inaugural chairman, as it began on Monday its first official day of operations as an independent public sector-focused consulting firm.

12.11 / 03:53

Manufacturing Align Boeing PwC Inside electronic reports Inside Tritium’s battle for survival

When embattled Tritium chief executive Jane Hunter approached National Reconstruction Fund (NRF) chairman Martijn Wilder in September about the possibility of accessing capital, there was hope the Brisbane fast-charger company could be the “first cab off the rank” from the Albanese government’s $15 billion manufacturing fund.

10.11 / 12:07

PwC information reports travelers PwC paid $12,000 to fly ATO’s Hirschhorn to Paris

PwC Australia has told the Senate inquiry into consultants that it paid $12,000 to fly Second Commissioner Jeremy Hirschhorn of the Tax Office to Paris to address its international tax conference in November 2019, at the height of a dispute between the big four firm and the Tax Office.

10.11 / 07:15

Landmark PwC Bill show performer reports recommendations People over profits: ‘Don’t promote leaders unable to manage, develop staff’

The driving force behind a landmark report into the culture of EY says leaders should not be promoted further if they cannot manage and develop staff – even if they perform well financially for the firm.

09.11 / 07:57

Fallout PwC Deloitte pandemic reports travelers EY cuts 232 jobs as big four job losses widen

EY Oceania will cut 232 people, more than 2 per cent of its 10,700-strong workforce, as a “significant” reduction in demand from financial services and public sector clients hits its bottom line.

09.11 / 07:57

Target PwC stage track reports Department HWL, Maddocks among law firms named and shamed for pro bono failures

More than half of the firms on the Commonwealth’s legal services panel have failed to meet pro bono targets, putting at risk their ability to win lucrative government work.

09.11 / 05:17

FIVE Aviat PwC electronic information reports Department From PwC to EY, five big consultancy firms secure ₹500 crore contracts from govt in 5 years: Report

₹500 crore assignments from the Central Government. According to a report by the The Indian Express, the Big Five consultancy firms bagged 308 assignments from several government departments, 16 ministries, and organsation between April 2017 and June 2022.

08.11 / 11:39

Citi CEO Citigroup PwC information 2020 reports Morning Coffee: The other woman striking fear into thousands at Citigroup. When people are too paranoid to leave

If you work for Citi now, there are two women who might fill you with apprehension. One is Jane Fraser, the CEO who is on a mission to extract layers of management, do away with pointless meetings and cut jobs, the other is Titi Cole, who is the person tasked with executing Fraser’s intentions.

08.11 / 08:35

Citi FIVE Fallout PwC WhatsApp Department shock Redundant PwC staff ‘shocked’ and ‘blindsided’

The email from PwC Australia’s leadership team inviting staff to a “firmwide webcast” arrived just before 9am. By the time it was finished a few hours later, so were more than 300 jobs at the once market-leading big four firm, along with the flagship tech hub it opened barely two years ago.

08.11 / 05:21

Extreme Fallout PwC Deloitte pandemic travelers PwC cuts hundreds of jobs as scandal, slowdown hit

The nation’s once dominant consulting firm, PwC Australia, will cut 344 roles, or more than 4 per cent of its 8000-strong workforce, as fallout from its tax leaks scandal and the economic slowdown reduce demand for its services.

08.11 / 05:21

Provident FIVE Assurant PwC Deloitte performer information Westpac to dump PwC as its auditor

Westpac is preparing to remove PwC as its external auditor and put the work up for tender in a move that will reshape the audit landscape for the critical financial services sector.

07.11 / 01:47

Action PwC On offer: Govt mulls some relief on levy of GST on vouchers and gift cards

GST) on vouchers or gift cards offered by companies and retailers, addressing the issue of double taxation in some instances. A host of retailers offer vouchers or gift cards to customers that can be redeemed for their products. A clarification on the issue is expected shortly, people familiar with the matter told ET. Some vouchers have GST levied on them at the time of purchase, which leads to double taxation when they are used to buy goods or services that also include the tax.

06.11 / 18:09

PwC Department PwC spin-off Scyne to officially begin operating from November 13

The sale of PwC Australia’s public consulting arm to private equity investor Allegro Funds has been approved by the Foreign Investment Review Board, clearing the way for the new company to officially begin operations from November 13.

06.11 / 07:35

CEO PwC Deloitte Inside Accused auditors can dodge black mark by resigning: ASIC

Auditors referred to the corporate watchdog could avoid public scrutiny by resigning before an investigation is complete, a Senate committee has heard.

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