A review into the firm’s governance and structures is expected to make recommendations aimed at improving culture and operations after a damaging leak of confidential government information.
in May to review of the firm’s governance, accountability and culture following the issues identified by the Tax Practitioners Board investigation into the use of confidential information by senior staff and their colleagues at the firm. The report was handed to PwC earlier this month.
PwC has already begun work on improving its business after the future of the group’s Australian arm came under threat as a result of failings at the firm. Speculation has been growing in recent months about what the full list of recommendations in Switkowski’s report will include. After the review is announced PwC is also expected to change structures around the appointment of senior roles within the firm.This follows concerns that the firm had given the chief executive role too much power to make appointments without opening an application process, and concerns about the board’s oversight of how it managed contracts.
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