The Australian Federal Police has reasserted its ability to effectively investigate a former member of PwC, as the firm completes millions of dollars worth of contracts working alongside AFP staff.
abc.net.au/news/tax-confidences-broken-and-billions-at-stake-how-pwc-has-upended/102398798The scandal engulfing consulting firm PwC Australia and its misuse of confidential government data to help clients avoid tax is escalating.The AFP is confident it can manage a criminal investigation into PwC despite the contractsThe Australian Federal Police are investigating a former PwC partner over potential crimes.
Author Tom Ravlic, host of the Critical Line Item podcast, has followed the fortunes and scandals of consulting firms for decades. "PwC does seem to be the consulting firm of choice for the Federal Police," the Australia Institute's Bill Browne said. PwC won $20,742,097.51 in contracts with the AFP in the past two calendar years. By comparison, the rest of the so-called "Big 7" consulting firms – combined – won $30 million of work in the same period.
"On the one hand, AFP has undertaken a criminal investigation of PwC, and on the other hand they're your internal auditors?" asked Greens senator David Shoebridge.Kershaw: "Yes, I do."After questions from the ABC, the AFP has supplied details of the multi-million dollar contracts which were previously listed as opaque tasks including "management advisory services", "strategic planning consultation services" or "unspecified services".
"With these stringent arrangements in place, there is no possible way PwC personnel will be able to access the investigation team or any investigation or operational material." "The contamination of the process, and the perception of contamination can happen on both levels in terms of contracts and personnel."
In a letter signed by Senator Pocock and Senator Nick McKim, the pair write that PwC has "at a minimum" breached three of the Board's requirements for registered tax practitioners.
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