PwC | Global news

An overview of PwC global news:

Australia

Oceania | Australia

PwC commits to full recommendations list of independent report The Ziggy Switkowski report into culture and governance at PwC has been publicly released, with the firm committing to its full suite of recommendations including the appointment of an independent ch
27 September 2023
Australia

Oceania | Australia

Government releases new legislation in response to tax scandal Large global entities caught promoting tax evasion schemes could face penalties of up to $780 million as per new legislation released by the government in response to the PwC tax policy breach.
20 September 2023
Middle East

Middle East | Regional

ESG opportunities unfolding on the back of sustainable finance Countries in the GCC have in recent years made significant progress in developing their sustainable finance practices, with a focus on promoting a more sustainable financial services sector, encourag
15 September 2023
United States

North America | United States

PwC US cutting back consulting work in bid to reduce conflict risk PwC US is planning to curtail tens of millions worth of consulting work to reduce the risk of conflict of interest.
12 September 2023
Middle East

Middle East | Regional

PwC welcomes 480+ graduates to its Middle East ranks PwC has over the past weeks welcomed over 480 graduates to its ranks in the Middle East.
11 September 2023
Middle East

Middle East | Regional

PwC partners with Dar to tackle sustainability in construction A new strategic partnership between leading professional services firm PwC and engineering group Dar Al-Handasah will seek to find sustainable solutions in the built environment in the Middle East.
06 September 2023
Australia

Oceania | Australia

Scandal-hit PwC posts $3.4 billion in revenues for 2023 The Australian branch of PwC has recorded $3.4 billion in revenues for its 2023 financial year, with $680 million of that sum generated by its soon to be divested government advisory practice.
03 September 2023
United Arab Emirates

Middle East | United Arab Emirates

Commercial Bank of Dubai taps PwC for adoption of AI technologies The Commercial Bank of Dubai has selected PwC as its partner for the adoption of AI technologies across the organisation.
28 August 2023
India

Asia | India

Indian media & entertainment industry to reach $74 billion by 2027 India's media and entertainment industry is projected to reach a substantial $74 billion by 2027, driven by an annual growth rate of over 9%.
24 August 2023
Qatar

Middle East | Qatar

QTerminals buys 90% stake in Dutch container handler Kramer Group Qatar-headquartered QTerminals Group has acquired a 90% stake in Kramer Group, a provider of integrated logistics and container services located in the Port of Rotterdam.
22 August 2023
Canada

North America | Canada

MNP to acquire PwC's St. John's office MNP, a mid-market accounting and consulting firm, has acquired the St. John’s, Newfoundland practice of PwC Canada, effective August 7, 2023. PwC partner Curtis Gagne and the majority of the PwC St.
27 July 2023
Bahrain

Middle East | Bahrain

Mohamed Al Mahroos new country leader of PwC in Bahrain PwC has appointed Mohamed Al Mahroos as Country Senior Partner for its Bahrain practice.
26 July 2023
Canada

North America | Canada

Mining firms preparing for energy transition – and era of critical minerals The high-demand era of critical minerals is now, according to PwC’s 20th annual Mine report – and companies will have to reinvent themselves to capitalize on the global transition to clean energy.
20 July 2023
Europe

Europe | Regional

PwC and Strategy& advise Stock Spirits on deal talks for whisky brand Poland-headquartered Stock Spirits has entered into exclusive negotiations to purchase the Clan Campbell scotch whisky brand from Pernod Ricard.
19 July 2023
Middle East

Middle East | Regional

PwC Legal beefs up leadership team in Saudi Arabia, Qatar and UAE PwC has bolstered the senior leadership team of its Legal business with the hire of Ahmad Anani, Mohammed Al-Ghamdi, Paul Lockyer, and Amir Kordvani.
18 July 2023
Australia

Oceania | Australia

What the PwC saga can teach firms about professional indemnity Shortly after announcing its intention to sell its 1,750-strong embattled Australian government business, Honan chief operating officer Laurence Basell reflects on what the PwC saga can teach profess
14 July 2023
Australia

Oceania | Australia

Incoming PwC boss Kevin Burrowes cuts half the executive board Still a fortnight from actually entering the country, incoming PwC Australia boss Kevin Burrowes has already marked his new territory with sweeping changes to the local Big Four firm’s executive boar
05 July 2023
Australia

Oceania | Australia

PwC exits additional senior partners over government tax scandal PwC has named several more partners who have departed or are being ‘exited’ from the firm – found to have failed in their professional standards or leadership over its government tax policy scandal.
03 July 2023
India

Asia | India

Indian enterprises increasing their adoption of AI and ML The uptake of artificial intelligence and machine learning in India’s corporate landscape sector continues to grow, according to a new report.
30 June 2023
Australia

Oceania | Australia

Are audit and tax next in inadvertent PwC Australia break-up? With the planned divestment of its government consulting business, will PwC Australia inadvertently achieve what EY and government regulators couldn’t at the global level, breaking apart the Big Four
28 June 2023
Australia

Oceania | Australia

PwC to sell 1,750-strong government business for $1 to Allegro Professional services firm PwC has agreed to sell off its embattled Australian government business – for the symbolic fee of just $1 in a bid to restore faith in the firm’s brand.
25 June 2023
Australia

Oceania | Australia

PwC appoints Kevin Burrowes as new CEO for Australia The fallout from PwC Australia’s government tax policy breach continues, with the firm to sell off its lucrative government advisory business and parachute partner Kevin Burrowes in as its new CEO.
25 June 2023
Canada

North America | Canada

Over two-thirds of Canadian execs view cybercrime as biggest threat Over two-thirds of Canadian executives think cybercrime is their companies’ most significant threat, according to PwC’s Canadian Cyber Threat Intelligence Annual Report.
22 June 2023
Australia

Oceania | Australia

Most Australians support long-term government work ban for PwC PwC scored more than $500 million in federal work over the past two years.
20 June 2023
Netherlands

Europe | Netherlands

OC&C, Strategy&, KPMG and PwC advise on deal in snack world European private equity group IK Partners has acquired GoodLife Foods, a Dutch manufacturer of frozen snacks. The deal was supported by M&A experts from large number of consultancies.
19 June 2023
Australia

Oceania | Australia

Simon Phemister and Chantal De Beer join PwC as partners Former Victorian jobs department secretary Simon Phemister and Deloitte veteran Chantal De Beer have joined the partnership at PwC, boosting the firm’s leadership as it freezes internal promotions.
11 June 2023
Australia

Oceania | Australia

Sammy Kumar and Amit Singh appointed to Australia-India centre board Consulting leaders Sammy Kumar and Amit Singh have been appointed to the inaugural board of the Centre for Australia-India Relations.
07 June 2023
Australia

Oceania | Australia

PwC releases names of those involved in tax scandal to senate enquiry Under fire professional services firm PwC has handed over a list of staff involved in its government tax scandal to a senate enquiry, but is still attempting to keep the names of those still at the f
06 June 2023
Saudi Arabia

Middle East | Saudi Arabia

PwC inaugurates regional headquarters in Riyadh PwC will next year launch a new flagship office and technology & innovation hub in Riyadh.
06 June 2023
Australia

Oceania | Australia

Consulting leaders to speak at digital transformation conference More than 4,500 tech professionals are expected to attend this year’s Digital Transformation Live conference in Sydney, with consultants from Accenture, Boston Consulting Group and the Big Four sched
05 June 2023
Canada

North America | Canada

PwC Canada invests $200 million into AI capabilities PwC Canada has announced plans to invest $200 million over the next three years to improve its artificial intelligence capabilities.
05 June 2023
Australia

Oceania | Australia

Ian Bennett and Danielle Fairhurst named master financial modelers The Financial Modeling Institute has issued its first ‘master’ accreditations, with two Australia-based experts among just six recipients worldwide.
04 June 2023

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