Former PwC Australia chief executive Luke Sayers told a Senate inquiry that he had flown to New York to discuss the proposal with the firm’s global chairman Robert Moritz, but it was not deemed ‘pragmatic’.Former PwC Australia chief executive Luke Sayers told a Senate inquiry that he had flown to New York to discuss the proposal with the firm’s global chairman Robert Moritz, but it was not deemed ‘pragmatic’.
“In the final two years of my tenure, I strove to mitigate the risks associated with that and deliver fundamental structural reform. But ISayers, who again denied any knowledge of his firm’s misuse of confidential Treasury information during his tenure as chief executive, said he was also “concerned about the audit quality” at the time.
The proposed sell-off would have allowed money from consultancy divisions to be redirected to its audit services. Sayers told the inquiry that he and a team had flown to New York to discuss the proposal with PwC’s global chairman, Robert Moritz. The culture and practices of PwC Australia during Sayer’s tenure as chief executive have been criticised by senators running the inquiry. On Thursday, Sayers offered another apology.
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