Former Telstra boss Ziggy Switkowski has made multiple recommendations for reform at PwC in the wake of the tax advice scandal.
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The report was commissioned by PwC in May following the fallout from the tax advice scandal, where partners at the firm passed on confidential information from Treasury to boost business in the private sector.
KEY FINDINGS OF PWC REPORT:
* The report released on Wednesday said PwC had developed a "whatever it takes attitude" that allowed for poor behaviour to be overlooked
* Mr Switkowski was also scathing of an overly collegial culture within the firm that made it easier for blind spots to be overlooked and for the chief executive's power to be amplified
* There were 23 recommendations made in the report, which have been accepted by PwC
* Recommendations include a restructure of the board of partners, and to revise the process of appointing a chief executive to improve accountability
* It also recommended more clearly defining the roles of senior executives, and improving decision making and risk management
* The report also stressed the need to reduce relationship biases and change the culture within the firm
* PwC boss Kevin Burrowes said the company would implement the recommendations and apologised for the company's actions
Australian Associated Press
