While the tech industry is looking for ways to make money off artificial intelligence,consultants like McKinsey and KPMG have already started cashing in.
PwC Australia oversaw a culture that fostered a “whatever it takes” approach and created a chief executive role that was unaccountable to the board,a new report has found.
You can’t replace consultants overnight,and if the government strips back their numbers it’s going to need to pay public servants better salaries.
A former KPMG partner who exposed serious flaws in the NSW rail corporation has told a parliamentary inquiry that he would do it again,despite it costing him his job.
The increased penalties Treasurer Jim Chalmers announced earlier this month could create financial chaos for PwC,KPMG,Deloitte and EY.
The contract comes amid a growing debate about the public service’s reliance on external advice for tasks that would once have been performed in-house.
An analysis by the Centre for Public Integrity found taxpayers forked out $1.8 billion more than initially expected for big four consultancy contracts awarded over the past decade.
Staff at the biggest firms complain of sexual harassment by untouchable executives and workloads so excessive that some contemplate suicide.
The federal government spends about $80 billion a year on contracts. A bipartisan committee says consulting firms,not taxpayers,are benefiting the most under the current system.
With the ground shifting beneath them,the big four consultancy firms are now all very happy with the increased regulatory oversight and turbocharged penalties that are coming down the pike. But then what else could they say?
Having won tens of millions of dollars worth of consulting work,this Canberra consultancy felt it was in the box seat for plenty more.