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publicintegrity.bsky.social @publicintegrity.bsky.social · 04/06/2026

The Big Four enjoy legal protections designed for accountants — even as they make most of their money as consultants. The Centre's Chair, The Hon Anthony Whealy, asks: who is this really protecting? #auspol

Screenshot of an article arguing that Australia’s oversight of the Big Four accounting and consulting firms is failing. It says the PwC tax leaks affair and new KPMG whistleblower allegations raise serious questions about whether firms such as PwC, KPMG, Deloitte and EY should benefit from broad statutory liability caps. The article discusses a Supreme Court of NSW challenge brought by Professor Brendan Lyon against the Professional Standards Council and Chartered Accountants Australia and New Zealand, questioning whether liability protections meant for qualified accountants should extend to wide-ranging consulting and advisory work. It also cites Centre for Public Integrity research on the growth of Commonwealth consulting contracts, the concentration of spending among the Big Four, political donations, and risks to public-sector independence and accountability.

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publicintegrity.bsky.social @publicintegrity.bsky.social · 04/06/2026

Read the article on the website here: www.theaustralian.com.au/business/leg...

theaustralian.com.au

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