In response to orders issued by the Tax Practitioners Board (TPB), PricewaterhouseCoopers (PwC) has produced and published a Compliance Report dated 14 July 2023.
The TPB’s Order, was issued on 25 November 2022, and requires PwC to take specific actions to improve its compliance and conflict of interest management. PwC must report to the TPB on their improvements each 6 months until 31 December 2024.
TPB Chair, Peter de Cure AM, acknowledged the report and said ‘PwC have agreed to pro-active transparency with the TPB. This report shows steps PwC has taken to comply with the TPB’s Order, including additional training on legal and ethical issues for over 1,300 personnel.’
Mr de Cure went on to say ‘the Compliance Report states that PwC have improved their management of confidential consultations with government, including a central approval and registry process, and oversight by their Executive Board. The TPB welcomes improvements made by PwC and all tax practitioners, to enhance professional standards, including integrity, confidentiality and conflict of interest management’.
The TPB has been at the forefront of this issue and will continue to make enquiries into this matter to ensure that any professional standard breaches are dealt with appropriately.
About the Tax Practitioners Board
The TPB regulates tax practitioners in order to protect consumers. The TPB aims to assure the community that tax practitioners meet appropriate standards of professional and ethical conduct. Follow us on Twitter, LinkedIn and Facebook.
Tuesday, 25 July 2023