A quickie from Sydney Morning Herald on yesterday’s Senate committee hearing in which KPMG Australia CEO Andrew Yates took the opportunity to throw some barbs at PwC while he has the chance:
KPMG boss Andrew Yates publicly rebuked PwC for the tax scandal that is impacting the entire multibillion-dollar financial consulting industry while apologising for his firm’s own failings, which include 1000 staff cheating on an exam about acting with integrity in their work.
Yates told a Senate committee on Wednesday that it was essential that government can have absolute trust in the private sector companies it works with.
“That’s why the PwC issue is so disturbing. Based on the findings of the Tax Practitioners Board, and the more recent revelations from Senate estimates, the conduct at PwC was clearly unethical and unacceptable,” he said.
He added that had KPMG been in the same position, the firm would have released the names of any staff involved. “There would have been strong action taken by our chairman and board, and subject to any legalities that I’m unaware of, the names would have been shared,” he said.
PwC tax scandal disturbing and unacceptable, says KPMG boss [Sydney Morning Herald]