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PwC NZ mulls board independence following Aus tax leaks scandal

‘Very disappointing’ breaches ‘something we’ve needed to navigate through here,’ outgoing CEO Mark Averill says.

Outgoing PwC NZ chief executive Mark Averill, his replacement Andrew Holmes, and chair Keren Blakey.

Key points
  • What's at stake: The 151-strong partnership at Big Four accounting firm PwC NZ has elected a new CEO in a year following a major tax leaks scandal across the Ditch.
  • Background: Outgoing PwC NZ CEO Mark Averill says local clients have questioned the firm's processes and systems in the wake of the Australian scandal, the ramifications of which included the sale of PwC Australia's lucrative government business division for A$1.
  • Main players: PwC New Zealand, Mark Averill, Andrew Holmes.

The outgoing chief executive of PwC New Zealand says the fallout from the PwC Australia tax leaks scandal has been a big focus this year and that the firm is giving serious thought to establishing independence on the board in response.

But Mark Averill adds that while clients and stakeholders have

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Key points
  • What's at stake: The 151-strong partnership at Big Four accounting firm PwC NZ has elected a new CEO in a year following a major tax leaks scandal across the Ditch.
  • Background: Outgoing PwC NZ CEO Mark Averill says local clients have questioned the firm's processes and systems in the wake of the Australian scandal, the ramifications of which included the sale of PwC Australia's lucrative government business division for A$1.
  • Main players: PwC New Zealand, Mark Averill, Andrew Holmes.
PwC NZ mulls board independence following Aus tax leaks scandal
Professional Services,
102023