PwC CEO apologises to Australia as Senate inquiry chair calls business practices 'crap'

After PwC Australia chief executive Kevin Burrowes began his appearance at a Senate inquiry with an apology, the chair of the inquiry into the consultancy industry Richard Colbeck told PwC Australia's senior leadership that he was deeply offended by the firm's breach and misuse of confidential tax policy.
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'It was almost depressing every time I started a new section of the report because it basically reinforced at each level, how crap things were inside your business,' the senator said. The inquiry has already published a report finding PwC Australia engaged in 'a calculated breach of trust'. That finding was made before an internal investigation by PwC Australia revealed more breaches of confidentiality.

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