PwC Australia Restructures After Partners Caught In Tax Controversy

Eight partners were fired or resigned from PwC Australia for professional misconduct related to leaking confidential tax plans.
An internal investigation found widespread failures of leadership, governance, and accountability within the firm.
Three partners were directly responsible for breaching standards by sharing confidential information, while five others failed to prevent or properly address their actions.
The scandal has already cost PwC major clients and revenue, prompting the firm to restructure its consulting business.
PwC acknowledged the need to improve its culture and professional standards to rebuild trust in the wake of the controversy.