A year after the PwC scandal broke, what have we learned?

Australian politicians have had an intense 12 months looking at the innards of governance and how risk management works – and doesn’t work – in the public and private sectors. The results paint unflattering pictures of government departments and accounting firms alike.

It began exactly a year ago. A little-known regulatory body, the Tax Practitioners Board, quietly published a media release just prior to Australia Day that a former partner of PwC Australia, Peter Collins, had been found in breach of the code of professional conduct for tax agents.