![]() In mastering the detail to expose the fiscal shenanigans, sober accountants designed a model of double entry bookkeeping that became the legal standard after the 1930s global depression exposed fatal flaws in governance across the broader economy. Gow and Kells chart the rise of the Big Four, whose founders such as Waterhouse and Deloitte source back to efforts to untangle the 19th-century British rail companies that built the morally compromised spine of the Industrial Revolution. Our level of collective ignorance to this outrageous breach of confidence is entirely by design under the guise of dour accountants, these global partnerships go as close as anyone to not just running global capitalism but shaping it in their own image. While 60% of Australians say they have heard of the scandal, an even bigger majority (67%) could not tell you what is actually going on.Īpart from suggesting it’s only old blokes who have the time or inclination to take in the daily news cycle, these findings suggest collective inertia is the main barrier to any meaningful push to limit the power of these global partnerships.įor those in the majority, a quick recap: PwC has been pinged for using information it gleaned in consulting the government on multinational tax measures (the so-called “Google tax”) to shill to the corporate targets of these laws – including Google itself. ![]() To what extent are you aware of the recent news that an external consulting firm has admitted to sharing confidential government information with other clients creating a serious conflict of interest?Īccording to this week’s Guardian Essential report, our ears have begun to prick up, even if we haven’t quite got our collective heads around the full magnitude of PwC’s behaviour.
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