A have a look at PwC’s current worldwide historical past reveals an enthusiasm for kleptocrats and allies of Vladimir Putin. Why would you need this agency auditing you?
PwC’s leaking of confidential tax data and its makes an attempt to cowl up its misconduct proceed to show expensive for the agency. Yesterday UniSuper introduced it might not be participating PwC for brand new work, that means 5 of the most important tremendous funds within the nation are actually boycotting it.
The amputation of PwC’s authorities consulting arm was additionally accomplished this week, with “Scyne Advisory” organising store below the auspices of personal fairness turnaround specialist Allegro. One wonders if, in bidding for brand new authorities work, Scyne will apprise potential prospects of what else Allegro has on its books — Gull Petroleum, Slater and Gordon, freight firm Group World Specific and childcare supplier Camp Australia, to call just a few, which is able to create potential conflicts of curiosity in relation to any work on vitality coverage, infrastructure, authorized providers and childcare coverage.
Then once more, battle of curiosity wasn’t an issue when the agency was in PwC and advising on insurance policies comparable to information retention compensation, when it was working with telcos and ISPs, so presumably it received’t be an issue now.
Learn extra about PwC’s love affair with Russian kleptocrats.
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