The embattled firm will also “ringfence” its federal government advisory business as part of a suite of measures designed to signal it is taking decisive action.
The hope within the firm is that these announcements will appease a furious government. The scandal involves
“All of this should become public at the appropriate time, of course there are investigations under way and I don’t want to say anything to interfere with those processes,” he told Sydney radio station 2SM on Monday morning. “Quite clearly, what went on there is completely unacceptable.”Apology ‘for betrayal’
“I want to apologise on behalf of PwC Australia. For sharing confidential government tax policy information and for betraying the trust placed in us,” Ms Stubbins said in the letter.“Specifically, I apologise to the community; to the Australian government for breaching your confidentiality; to our clients for any questions this may have raised about our integrity and trustworthiness; and to the 10,000 hard-working, values-driven PwC Australia partners and staff who have been unfairly impacted.
“PwC Australia has also commenced a process to ringfence the provision of services to federal government departments and agencies to enhance our controls to prevent conflicts of interest,” the firm said.
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