An “event” is putting it lightly. As you all know by now the PwC Australia […]
Tag: full-scale inquiries
PwC Sold Off Its Scandal-Plagued Government Consulting Business For 67 Cents
That headline is not an exaggeration, they really did. Technically it was $1 AUD. Yesterday’s […]
Former Partner Who Got His Says Aussie Government Should Stop Using Outside Consultants
*not the actual partner in photo The PwC tax scandal (AFR coverage) has brought to […]
Brits To Give Big 4 the Full Monty
Britain’s top accountants are to have their own books scrutinised after the consumer watchdog referred the business of checking companies’ figures for a full-scale competition inquiry. The Office of Fair Trading (OFT) said it had been concerned for some time that the audit market is highly concentrated with low levels of switching and substantial barriers to entry. The watchdog estimates that in 2010 the “big four” firms, PwC, KPMG, Deloitte and Ernst & Young, earned 99% of audit fees paid by FTSE 100 companies, while between 2002 and 2010 only 2.3% of FTSE 100 firms changed their auditor. [UKPA]