© Reuters. FILE PHOTO: The emblem of accounting firm PricewaterhouseCoopers (PwC) is considered on a board at the St. Petersburg Global Economic Forum , Russia, June 6, 2019. REUTERS/Maxim Shemetov
SYDNEY (Reuters) – Australia said on Monday the manager will take additional steps based entirely on the leak of executive tax plans by accounting firm PricewaterhouseCoopers (PwC) and that the topic may per chance well be referred to the Australian Federal Police.
The executive, a PwC Australia client, has accused the firm of sharing confidential facts about unusual anti-tax avoidance measures with its company clients to assemble extra industry in what it has known as a serious breach of have faith.
PwC Australia’s CEO stepped down this month and the firm has said it is miles “committed to discovering out for our mistakes”.
“We’ve obtained Treasury having a leer at an investigation into what has took place, and having a leer at whether criminal fees must accrued be referred to the AFP,” Assistant Treasurer and Minister for Monetary Companies and products Stephen Jones informed the Australian Broadcasting Corp.
Some lawmakers find known as for a entire ban on granting the auditor extra executive contracts.
PwC declined touch upon Monday.
“I ponder the PwC expertise has been deeply, deeply troubling and now we find already taken some steps nevertheless we may per chance well be taking additional steps,” Treasurer Jim Chalmers also informed ABC Radio in an interview on Monday.
“I will be succesful of find extra to allege about how we crack down on this behaviour, which is inexcusable, frankly,” he said.
PwC said this month that old Telstra (OTC:) and Optus CEO Ziggy Switkowski will lead an honest review into the leak and can file his findings and solutions in September.