KPMG Completes Exit From Russia and Belarus as War on Ukraine Drags On
Wall Street JournalAPR 2022
The Australian government has grown too cozy with the major accounting firms — outsourcing government works to them in the name of privatization. With this serious breach of trust, Australia has reaped what they've sown. Such a conflict of interest should have been obvious, and we can only hope justice will be served. The interests of a private consulting firm are not aligned with the interests of the government, and important information needs to remain as a public good.
The world's massive consulting firms are often the only ones sophisticated enough to handle complicated government audits, and we should not let one incident, led by a rouge incident, allow us to discount their value. PwC has made an egregious violation of ethics and maybe even the law, but we should not let it feed into false narratives of widespread corporate tax evasion. Public-private partnerships are a vital part of today's economy.