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PwC to Re-Train Employees After Australian Tax Leak

PwC to Re-Train Employees After Australian Tax Leak

by Starling Insights

Starling Insights Editorial Board

Mar 15, 2023

Observations

Governance, Audit & Regulatory Failures Audit Australia Personal Liability & Accountability The Era of Accountability

PwC Australia recently announced that some partners and employees would undergo additional training to reemphasize confidentiality obligations, following a major tax information leak at the firm. The scheme, which the Australian Tax Office uncovered in a routine audit, involved 20 to 30 PwC partners and staff sharing confidential government tax policy with clients.

This information had been obtained initially by PwC partner Peter Collins, despite his having signed confidentiality agreements while doing work for the Treasury and the Board of Taxation. Collins resigned last year and was deregistered by the Tax Practitioners Board for two years.

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