PwC: a calculated breach of trust
The scale of significance and substantial public interest in the matter of PricewaterhouseCoopers' (PwC's) conduct in relation to Australia's anti-avoidance tax laws, dating back to 2013, motivated the Finance and Public Administration References Committee to release this report, as part of the inquiry into the management and assurance of integrity by consulting services, which continues and is due to report 30 November 2023. Subsequent reports will deal with the wider range of matters arising from the inquiry's activities which extend to the larger consulting industry.
This report examines the key events of the PwC matter and their intersections with the Committee's inquiry. It also sets out the committee's views on PwC's approach to this serious and deliberate breach of confidence.