PwC scandal: Greens senator Barbara Pocock calls for accounting firms to be limited to 100 partners

Already a subscriber?The maximum size of accounting partnerships should be cut to 100 – down from 1000 – audit firms should be forced to separate from their consulting divisions, and a new regulator should be created to police the consulting sector, according to the Greens.

In a series of radical additional recommendations that are unlikely to gain traction politically, the Greens called for better tracking, reporting and policing of consulting contracts and for firms and individuals that flout the rules to be banned from winning contracts for a period.The Greens’ move has caused a split with fellow inquiry member and Labor senator Deborah O’Neill, who said the additional recommendations had not been proposed to the committee.

“KPMG provided false evidence about their mapping of relationships in government departments,” the Greens said in the additional commentary. The comment went further than the committee’s final report, which called the firm’s evidence about power-mapping “contradictory”.This referred to KPMG repeatedly shifting evidence on whether its personnel systematically track client relationships.

A spokesperson said Mr Sayers supported the long-overdue reform of the sector. The spokesperson also said the separate opinions of the Greens had not been supported by the Committee.

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