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PwC and Scyne Advisory Secure $138m in Federal Government Contracts

Disgraced Consultancy PwC and Scyne Advisory Undertaking $138m in Federal Government Contracts

Recent revelations have exposed that consultancy firm PwC and its offshoot Scyne Advisory are currently involved in 46 Federal Government contracts valued at a staggering $138 million. This comes in the aftermath of the tax leaks scandal that rocked PwC Australia, leading to the sale of its “government consultancy” business to private equity group Allegro Funds for a mere $1.

According to figures provided by the Department of Finance in response to questions from a Senate inquiry into consultancies, Scyne has inherited existing Federal Government contracts worth $111 million from PwC, in addition to securing new contracts valued at $14.4 million. PwC Australia itself still holds ten “active contracts” with the Federal Government, amounting to $12.6 million, including a significant $11.3 million contract with the Australian National Audit Office (ANAO).

Despite the scandal and public outrage surrounding PwC’s unethical behavior, Finance has failed to fully disclose the extent of the current contracts between the Federal Government and PwC and Scyne. The actual value of these contracts is believed to be much higher than reported, raising concerns about transparency and accountability in government procurement.

Furthermore, Finance’s recent actions have raised eyebrows, with the department distancing itself from a supposed “ban” on PwC and allowing the consultancy firm to continue bidding for new Commonwealth work as early as December 2024. This move has sparked criticism and questions about the integrity of the procurement process and the government’s commitment to ethical standards.

As investigations into PwC Australia by various authorities continue, including a criminal probe by the Australian Federal Police, the Senate inquiry into consultancies is set to release its final report soon. The findings of the inquiry are expected to shed further light on the questionable practices of PwC and the implications for government contracts.

It is clear that the issues surrounding PwC and Scyne’s involvement in Federal Government contracts raise serious concerns about accountability, transparency, and ethical standards in public procurement. The need for independent, quality journalism to uncover and report on such matters is more crucial than ever.

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