PricewaterhouseCoopers said the CEO of its Australian business had stepped down effective immediately after the auditor became embroiled in a scandal that involved leaking confidential government tax plans
Tom Seymour has resigned, PwC said in a statement late on Monday, and the firm named its assurance leader Kristin Stubbins as acting CEO while it searches for a replacement.
PwC Australia has come under intense pressure this year after local media reported a former partner had been banned by the country's tax practitioners board for sharing government tax plans with other staff at the firm. The revelations drew a strong rebuke from the Australian federal government, a major client of PwC, with Treasurer Jim Chalmers describing it as a "shocking breach of trust." Some lawmakers have called for a total ban on the auditor getting more government contracts.
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