SYDNEY, June 26 (Reuters) - PricewaterhouseCoopers Australia staff who are found to have acted improperly in a scandal over the leaking of government tax plans will face "severe" consequences, acting chief executive Kristin Stubbins told a state parliament inquiry on Monday.
"We have failed the standards we set for ourselves as an organisation, and I apologise on behalf of our firm," Stubbins said.
The firm has already placed nine partners on leave and named four former partners directly involved in the breach who have since left the firm.
The move will cut PwC Australia off from the "vast majority" of public sector consulting work, although some external audit work for government clients may stay, said Stubbins.
She will remain in the role until Kevin Burrowes, currently Global Clients & Industries lead based in Singapore, relocates to Australia for the job.
Persons:
Kristin Stubbins, Stubbins, David Seymour, Kevin Burrowes, Lewis Jackson, Diane Craft, Sonali Paul
Organizations:
SYDNEY, PricewaterhouseCoopers Australia, Allegro Funds, Global, Industries, Thomson
Locations:
Australia, New South Wales, ringfence, PwC Australia, Singapore