One of the Big Four accounting firms, PwC, will extend its ban on political donations to include bodies using indirect means to channel election funding.
On Monday, PwC acting chief Kristin Stubbins announced that the consultant giant will scrap its political donation program. She said although the firm always took the utmost care to ensure political donations did not create any real or perceived conflicts of interest, doing away with political donations was “the best way of ensuring the highest standards of governance.”
“PwC Australia will no longer make political donations, with none to be made in FY24. This includes payments to attend fundraising events, in-kind donations for event hosting/catering and other direct donations,” Ms. Stubbins wrote, according to a note by PwC….