The two-page document, marked “confidential”, is titled “Terms of reference for the Independent Review on Governance, Accountability and Culture”.
It states: “the assessment of governance, accountability and culture is to be completed by reference to the point of time at which the expert [Switkowski] commences their fieldwork”.
“However, we recognise documentation and other artefacts relating to specific matters may be required to inform the findings”.
PwC provided the document in response to questions from NSW Greens MP Abigail Boyd, which it had taken “on notice”.
The document was first reported this afternoon by The Australian Financial Review.
The revelations are extremely damaging for PwC, which the separate, Federal, Senate inquiry into consultancies last month found was continuing to obfuscate, with its actions indicating a lack of “governance and accountability”.
They also add yet more weight to widespread calls for the Federal Government to call a Royal Commission into the scandal, and into the hundreds of millions of taxpayer dollars PwC and other “Big Four” consultancies are given each year.
Over the preceding three weeks, PwC Australia and its then interim CEO Kristin Stubbins, had repeatedly rejected requests for the straightforward information.
“There’s only one reason why you’re not releasing your terms of reference,” governance expert Dr Andy Schmulow told The Klaxon at the time.
“And that’s because you know you’ve set up a sham inquiry”.
“That’s because you know you’ve set up a sham inquiry” – Dr Andy Schmulow
In an interim report called “PwC: A calculated breach of trust”, the Federal Senate inquiry found PwC’s ongoing actions indicated “poor corporate culture” and a lack of “governance and accountability”.
“When is PwC going to come clean and begin to do the right thing?” – Federal Senate inquiry last month
“Given the extent of the breach and subsequent cover-up now revealed on the public record, when is PwC going to come clean and begin to do the right thing?” said the report.
“PwC does not appear to understand proper process, nor do they see the need for transparency and accountability,” the report states.
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