Patrick Winter News Today

PwC Australia’s rivals claim to have superior governance structures that mean they don’t need to emulate the sweeping changes at the embattled firm.

EY Oceania managing partner David Larocca said the local firm had pulled back on recruitment but would not emulate the job cuts happening at EY US.

The abrupt decision to halt the split of its consulting and auditing arms leaves the big four firm in strategic disarray, and is likely to lead to a global leadership shake-up and the defection of partners and staff to rivals.

Patrick Winter, an accounting professional with more than 30 years’ experience, is EY Asia-Pacific area managing partner.

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Share New leaders set to take over at consultancies Deloitte, EY and KPMG this year will ride the wave of a resurgent consulting market, but will have to grapple with staffing shortages and reinvigorated competition from rivals such as Accenture. The chief executives will also have to deal with increased scrutiny of their services and how they operate as they push further into public sector work, and navigate the tricky generational divide over values confronting outfits such as law firm Minter...