PwC Australia Profits Fall as It Releases First Audited Accounts

PwC Australia said Friday its profits and revenue both fell in 2024 as it released its first-ever audited accounts.

The Big Four firm said profits fell 17% to A$619 million ($401 million), on revenue down 6% to A$2.2 billion. PwC agreed to have its accounts audited as one of a series of measures designed to show it had improved its governance after admitting it leaked confidential government tax plans to companies.

• “In a period of change, growth and reform, we have set the foundations for a firm that is well-managed, grounded in ethics and integrity,” PwC Australia CEO Kevin ...