Tansy Harcourt

The big four firms since the PWC scandal, which was four or five years ago, depending on when you want to put a marker in it, that changed the way corporates and the government dealt with the big four firms.

And the Albanese government at the time was very outspoken.

But what's happened since then is not very much at all.

That's a conversation I seem to be having quite frequently with the government because the Parliamentary Joint Committee came up with 12 recommendations.

Now, this is the group that had investigated the whole PwC scandal in the first place and is now looking at KPMG.

So they were in a position to know and they had 12 recommendations.

Only three of those were given the sign off.

And then there were several that were taken under notice and a bunch of them that were just ignored completely.

I think that that is something that needs to be revisited.

The other thing is, you know, the Treasury was supposed to be coming forward with a big program looking at how Big Four fit into the ecosystem.

And that isn't on there.

regulatory, the regulatory initiative grid at all for 2027.

Yes.

Although in saying that I haven't looked at it today, but it certainly wasn't there earlier in the week.

So what is happening?

Two good questions there.

I think it definitely could be a possibility.

There are

regulations in the UK that separate the divisions.

They've got to have a different management structure and pay is completely separated.