Speaking at a recent Australian Senate inquiry into consulting, David Larocca, CEO of EY Oceania, criticized rival consulting firm PwC over its tax leaks scandal, stating that such "deeply disturbing and disappointing conduct" has rightly brought "intense scrutiny" to the entire sector.
Larocca emphasized that EY operates differently from PwC, asserting that they do not breach confidentiality, frustrate regulators with blanket legal professional privilege claims, or condone such behavior. However, the leaks were "very serious and damaging to public trust," Larocca said. "Therefore, our entire industry must accept the critical importance of integrity, confidentiality, and ethics in our actions and behaviours," he continued.
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