Please ensure Javascript is enabled for purposes of website accessibility
September 28, 2023

Finally Having Something to Roast Them About, KPMG CEO Takes This Opportunity to Talk Sh*t About PwC

Businessman with carton head bullied by fingers. isolated on white background

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]

Latest Accounting Jobs--Apply Now:

Have something to add to this story? Give us a shout by email, Twitter, or text/call the tipline at 202-505-8885. As always, all tips are anonymous.

Related articles

a runner on pavement

CPA Exam Candidates: You Better Hurry Up and Apply For BEC Before It’s Gone Forever

Once again @profjackc has tweeted a very important reminder for current CPA exam candidates and once again we’re here signal boosting said reminder because it’s important information. If you are a first time BEC section exam candidate most states will stop processing your NTS after next Monday, Oct. 1. Do not delay! Get in your […]

Steve Buscemi in how do you do fellow kids meme

AICPA Unveils Its Most Desperate Pipeline Initiative Yet

Surely this will get the kids interested in accounting! She’s riding a skateboard because you can’t afford a car on a public accounting starting salary. Why’s there a bearded hipster hanging out creepily in the back? Some appropriate Twitter reactions: Vibes: pic.twitter.com/p9pqErdnyG — Matthew J. Cordes, EA (@cordes_tax) September 26, 2023 CPAs be like pic.twitter.com/FwlwKqi2s7 […]