Blue Chip Consultancy Gets Cute and Caught
October 4, 2023
Note: This essay is the work of a real and still-alive dinobaby. No smart software involved, just a dumb humanoid.
I was not going to read “PwC Caught Hiding Terms of secret Review.” However, my eye spotted the delectable name “Ziggy Switkowski” and I had to devour the write up. Imagine a blue chip outfit and a blue chip consultant named Ziggy.
The story reports about PwC (once the esteemed Price Waterhouse Coopers firm) and how it conducted a “secret internal investigation” in a “tax affair.” To me, the fuzzy words suggest tax fraud, but I am a dinobaby and a resident of Harrods Creek, Kentucky.
The Ziggy affair warranted this comment by the Klaxon, an Australian online publication:
“There’s only one reason why you’re not releasing your terms of reference,” governance expert Dr Andy Schmulow told The Klaxon last night. “And that’s because you know you’ve set up a sham inquiry”.
Imagine that! A blue chip consulting firm and a professional named Ziggy. What’s not to believe?
The article adds a rhetorical flourish; to wit:
In an interim report called “PwC: A calculated breach of trust” the inquiry found PwC was continuing to obfuscate, with its actions indicating “poor corporate culture” and a lack of “governance and accountability”. “PwC does not appear to understand proper process, nor do they see the need for transparency and accountability,” the report states. “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?”
My hunch is that blue chip consulting firms may have a different view of what’s appropriate and what’s not. Tax irregularities. Definitely not worth the partners’ time. But Ziggy?
Stephen E Arnold, October 4, 2023
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