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New PwC chairwoman Tracey Kennair says she will prioritise promoting diversity and inclusion.

PwC’s first chairwoman pledges to focus on firm’s culture

Just days after a PwC partner left the firm over an alleged sexual harassment scandal, new chairwoman Tracey Kennair has pledged to use her reign to improve diversity and pay equity.

  • Hannah Wootton

This Month

KPMG accountants have been cautioned by the accounting industry body against cheating on professional tests.

KPMG accountants cautioned over systemic exam cheating

The accounting industry body issued eight KPMG staff with a caution over the offences, which involved more than 1100 people at the firm.

  • Hannah Wootton
A PwC partner has left the firm following allegations he held dinners where male colleagues rated female staff based on their attractiveness.

PwC partner accused of rating female staff leaves firm

The partner was accused of attending a strip club with staff, including graduates, and taking part in a yearly men-only gathering referred to internally as the “Section 5-5” event.

  • Hannah Wootton
Greg Yanco says ASIC is furthering its crackdown on poor audit work.

ASIC to name and shame poor auditors to company directors

The watchdog hopes the move will help improve audit quality if accounting firms are held to account by valuable clients for issues with their work.

  • Hannah Wootton
Pwc is investigating a partner over an allegedly threatening phone call.

Male PwC partner allegedly rated female staff with colleagues

The consulting firm put the man on leave over accusations that include a threatening call to a male staff member, and male-only events where women were rated on their attractiveness.

  • Edmund Tadros
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EY has been fined for misleading regulators in the US.

EY warns Australian staff on exam cheating

EY Australia’s leaders will re-assess the way its local personnel take internal and external exams to ensure that the cheating uncovered by US regulators at the firm’s North American operation does not happen locally.

  • Edmund Tadros

EY split: partners briefed on the pitch to staff for a listed firm

EY staff will be told there will be a faster path to partnership if firm floats its advisory arm, according to a partner briefing at the big four consulting firm held overnight.

  • Edmund Tadros

Auditor-general takes a shot at defence contractors

An audit has recommended changes to improve probity and security over the use of contractors in the Defence Department.

  • Andrew Tillett

June

Queensland Premier Annastacia Palaszczuk.

Coaldrake review and the squealing of big four consultants

A review into the public service threatens to cause ripples among lobbyists and consultants. Or at least cause more paperwork.

  • Liam Walsh
EY is considering separating its consulting and audit businesses.

Rebranding EY’s consulting arm would be ‘risky, expensive’

Creating a new brand for EY’s consulting arm, should it be split off from the company, would require a big investment, warns a branding expert.

  • Edmund Tadros
EY has been fined $144 million.

EY to pay $144m over exam cheating in biggest ever audit fine

The US regulator says hundreds of EY staffers cheated on exams and professional education course - and the firm said it didn’t have a problem with cheating.

  • Matt Robinson
Peter Coaldrake

Lobbyist boom a ‘market failure’ of government

A review into public sector accountability in Queensland has pushed for lobbyist reform and warned about using too many consultants.

  • Liam Walsh
More details emerge as decision on float progresses.

EY consulting partners face 40pc pay cut in split

EY’s consulting partners would receive shares worth up to $11.6 million but have now been told they would have their cash pay cut to reduce costs if they split off into a standalone company, according to a report.

  • Edmund Tadros

‘No decision yet’: EY global CEO moves to calm staff on firm split

Carmine Di Sibio has told staff at the firm that ‘no such decisions have been made’ about a potential float of the firm’s consulting arm.

  • Edmund Tadros
More details emerge as decision on float progresses.

EY’s top partners may get $11.5m windfall from split: memos

Partners at EY are poised to receive a cash or share payout if the firm proceeds with the float of its consulting business.

  • Edmund Tadros
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EY argued its provision of non-audit services to audit clients is well-managed.

EY global partners to discuss split timeline as rivals see opportunity

One rough timeline for EY’s plan to split the firm involves a proposal being issued to the firm’s estimated 12,000 partners around the globe by the end of August.

  • Edmund Tadros
Deloitte Australia has disclosed details about workplace misconduct complaints.

Deloitte ‘exits’ 20 employees over misconduct, bullying, harassment claims

Deloitte has investigated 145 misconduct allegations over the past year and found more than half were substantiated.

  • Edmund Tadros

Deloitte on track to topple PwC

Demand for Deloitte’s technology, risk and financial services advice drove a 19 per cent jump in revenue, putting it ahead of PwC’s performance the year before.

  • Edmund Tadros
EY is considering separating its consulting and audit businesses.

EY to tell staff spin-off will offer more opportunities

An executive search veteran warns that the financial attraction of becoming a partner will be diluted if a separated EY consulting operation has outside ownership. 

  • Edmund Tadros
EY wants to separate out its consulting business. There are mixed views about whether the firm’s rivals will follow its lead.

Another Accenture? Why EY would want to split in two

Splitting audit and consultancy is nothing new for professional services businesses, but these separations have a chequered history.

  • Updated
  • Edmund Tadros