PwC
Multinational professional services brand
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| April 2025 | PwC shut down its operations in nine African countries. |
| December 2024 | Albanese government Treasury began reviewing the use of legal professional privilege, specifically examining the method PwC had used to evade government scrutiny. |
| December 2024 | The government passed world-leading tax transparency laws requiring multinational corporations to disclose their regional revenue, with the legislation being delayed by over 12 months and facing resistance from companies like PwC. |
| December 2024 | The Albanese government Treasury commenced a review of legal professional privilege claims, specifically examining the methods PwC used to avoid government scrutiny. |
| October 2024 | The AFP raided PwC's head office in Sydney after a joint parliamentary committee found its international arm was withholding critical information about the scandal. |
| September 2024 | PwC ZhongTian (PwC's auditing business in China) was suspended for six months by China's securities regulator, who also confiscated PwC's Evergrande audit revenue and imposed a $62 million fine. |
| May 2024 | PwC became ChatGPT Enterprise's biggest customer and will start reselling OpenAI's service for large businesses. |
| March 2024 | PwC announced an additional 366 roles would be made redundant, further reducing its workforce in response to the ongoing fallout from the tax scandal. |
| February 2024 | Evergrande liquidators prepared for a potential lawsuit against PwC related to the company's financial collapse. |
| 2023 | PwC's penalties were halved by the ATO and further action was blocked, reportedly due to document mix-ups by the ATO. |
| 2023 | PwC acquired Surfaceink, a hardware designer. |
| November 2023 | Chartered Accountants Australia and New Zealand concluded their investigation, fining PwC the maximum amount of $50,000 and requiring PwC to cover the investigation's costs. |
| November 2023 | Westpac announced the termination of its long-standing relationship with PwC, ending their external auditing partnership that had been in place since 2002. |
| November 2023 | PwC made 338 staff members redundant as a consequence of the tax scandal. |
| September 2023 | Mike Pezzullo, secretary of the Department of Home Affairs, was stood down following evidence of inappropriate discussions with Liberal Party powerbrokers. |
| August 2023 | The federal government announced a significant crackdown on tax advisor misconduct, dramatically increasing potential fines for tax law violations from $7.8 million to $780 million in response to the PwC tax scandal. |
| July 2023 | Eight partners, including former CEO Tom Seymour, left PwC. In the same month, PwC agreed to repay almost $1 million for an undelivered 2017 report on the Robodebt scheme, having instead provided an 8-slide PowerPoint presentation. |
| July 2023 | Details of previous undisclosed conflicts and settlements were revealed, including the ATO's prior knowledge since 2016. |
| July 2023 | PwC completed an internal investigation, resulting in the removal of eight partners, including former chief executive Tom Seymour, due to the tax leak scandal. |
| July 2023 | PwC sold its Australian government consulting business to Allegro Funds for $1, with the business subsequently rebranded as Scyne Advisory. |
| July 28 2023 | Former NSW police commissioner Mick Fuller and AFP commissioner Reece Kershaw met to discuss a contract for PwC to review AFP operations. |
| July 3 2023 | PwC Australia completed an internal investigation, admitting multiple confidentiality breaches. The firm determined leadership and governance failures resulted in eight partners being fired or facing termination, including PwC Australia's CEO. |
| June 21 2023 | Senator David Shoebridge raised concerns about PwC's contract with the AFP in the Senate. |
| May 2023 | PwC withdrew from its traditional annual budget night dinner at Parliament House, which had previously cost $5,000 per head. |
| May 2023 | PwC announced a review of its Australian operations led by former NBN boss Ziggy Switkowski, though the review was strictly limited to future recommendations and did not examine past conduct. |
| May 2023 | PwC published a public apology, acknowledging widespread corruption, lack of confidentiality, inadequate processes, inappropriate organizational culture, and lack of accountability. |
| May 24 2023 | Treasury Secretary Steven Kennedy referred the PwC matter to the Australian Federal Police (AFP) for a potential criminal investigation. |
| March 2023 | ATO privately settled a separate matter with PwC, at a time when the tax scandal was publicly claimed to be limited to a single former employee. |
| March 2023 | A Senate Committee Inquiry commenced, focusing on the management of government consultants. |
| January 2023 | Chartered Accountants Australia and New Zealand initiated an investigation into PwC following the Taxation Practitioners Board (TPB) findings. |
| January 2023 | PwC approved Americanas' (AMER3) balance sheets despite significant accounting inconsistencies of approximately US$4 billion, leading to stock market volatility and shareholder losses. The CVM (Brazilian stock exchange regulatory body) subsequently initiated investigations into PwC's auditors to determine their responsibilities. |
| 2022 | The ATO informed PwC that it would apply penalties for false legal professional privilege claims, which were later settled confidentially. |
| 2022 | The PwC tax scandal became publicly disclosed, with the firm initially attempting to portray the breach as an isolated incident by a single individual. |
| 2022 | PwC reported global revenues of US$50.3 billion, with $18.0 billion from Assurance, $11.6 billion from Tax and Legal, and $20.7 billion from Advisory practices. |
| 2022 | PwC member firms outside of Russia refrained from doing work for sanctioned Russian entities or individuals, and committed to applying global sanctions universally. |
| 2022 | PwC reported a total global workforce of 295,371 employees, distributed across Americas (73,601), Asia Pacific (98,876), and Europe, Middle East, and Africa (122,894). |
| December 2022 | The Tax Practitioners Board suspended Collins' tax licence for two years due to unspecified breaches of integrity standards. PwC was required to provide training on managing conflicts of interest and compliance reports for 2 years. |
| July 5 2022 | PwC Ukraine announced the final exit of the company from Russia, confirming that all aspects of departure were completed on July 4, 2022. |
| June 2022 | PwC was fined by the UK's Financial Reporting Council over audit failures related to Galliford Try and Kier Group construction firms. The fine was just over £3m for inadequate auditing of revenue and costs in 2018 and 2019, with an additional £1.96m fine for similar failures in the 2017 Kier Group audit. The original fines were reduced due to PwC's cooperation with the investigation. |
| June 30 2022 | A legal agreement was signed on the withdrawal of the firm in Russia from the PwC network. |
| April 2022 | PwC responded that it cannot repay the amount of salary paid to Swapna Suresh and was subsequently terminated from the Kerala Space Park project consultancy services. |
| April 29 2022 | PwC Russia announced the withdrawal of the brand from the PwC network. |
| March 7 2022 | PwC stated that under the circumstances, they should not have a member firm in Russia and announced plans to leave the PwC network. |
| February 2022 | The Kerala state government requested PwC to refund INR 16 Lacs paid in salary to Swapna Suresh, who was accused in a gold smuggling case. |
| 2021 | The Tax Practitioners Board commenced an investigation into the PwC tax scandal, with Michael O'Neill leading the investigation. |
| 2021 | The New York Times conducted an investigation revealing that PwC staff were strategically seeking employment at the Treasury Department, pursuing policies that benefited PwC clients. After their tenure at the Treasury Department, these staff members were subsequently promoted to partner positions within PwC, highlighting a potential 'revolving door' dynamic between the consulting firm and government agency. |
| October 2021 | PwC resigned as auditor of Evergrande's accounts following the announcement of the fraud investigation. |
| October 2021 | The Hong Kong accounting regulator announced an investigation into PwC's audit of Evergrande after the company's financial collapse. |
| July 2021 | PwC was sued by administrators Alvarez and Marsal on behalf of JD Classics for negligence related to previous audits, with the lawsuit alleging a failure to identify fraud that resulted in £41m in losses |
| June 2021 | PwC, together with Edelman, launched the Trust Leadership Institute, a program aimed at developing leadership strategies. |
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