A former school teacher from Copacabana Beach has just locked horns with the four most powerful private institutions on the planet. And they don’t like it. The shoddy audit standards, massive government consulting business and global tax avoidance operations of the Big Four accounting firms, EY, KPMG, Deloitte and PwC, now finally face government scrutiny. Michael West reports.
A key factor in the outcome therefore will be media, which has yet almost entirely ignored these things. In its defence, the Big Four play a suave media game. Yet the spate of global document leaks such as Panama Papers, LuxLeaks and Paradise Papers, while focussing on celebrity tax avoiders, has ignored the Big Four perpetrators.