is vetted through our processes”, the firm wrote. but each such instance of misconduct and/or values violation. “BCG is not in a position to disclose the number or types of incidents that are raised. In contrast to the big four firms, Boston Consulting Group refused to disclose the number of complaints and outcomes in its submission. Eleven were forced out of the firm as a result in 2020-21. This was up substantially from the previous year when 27 of 40 allegations were substantiated. In 2021-22, the firm substantiated less than half, or 38 of 88 allegations, and forced out 11 personnel as a result. KPMG did not break down its misconduct investigations by seniority. Five of the investigations related to sexual harassment allegations, four relate to bullying and four related to multiple unspecified allegations.Ī review into EY’s workplace culture led by former sex discrimination commissioner Elizabeth Broderick is due to be made public once it is finalised. “Of the 17 formal workplace investigations, 13 were substantiated and one remained under investigation”, the firm stated. The firm also conducted 17 formal workplace investigations, of which 13 related to partners. It said these partners were terminated for one or more of the following reasons: sexual harassment, workplace behaviour, not acting with integrity in relation to a workplace investigation, bullying and dishonesty. The firm also disclosed its financial year 2022-23 revenue, which was up 11 per cent to $2.85 billion from the previous year.ĮY “has terminated eight partners under the partnership agreement for failing to meet EY values,” the firm said in its submission. A total of six partners have left the firm due to the investigations. This is up from 78 substantiated matters the year before, of which eight related to partners. Thirteen of the matters related to partner behaviour. Submissions by other firms are yet to be published by the committee.ĭeloitte disclosed it had substantiated 121 misconduct complaints in 2022-23.
The last major inquiry into the sector was shut down by the Morrison government in 2019 without issuing a report. The inquiry was triggered by the PwC tax leaks scandal exposed by The Australian Financial Review, and after a push by Senator Pocock. Public hearings are scheduled for next week. The consulting firms are now likely to be grilled about why they cannot disclose more of the information requested by the Greens’ Barbara Pocock as part of the ongoing Senate inquiry into the use of consultants.
Boston Consulting Group failed to provide any figures at all about misconduct complaints beyond a description of the firm’s investigative process. The replies show the firms are reluctant to disclose sensitive details about their operations. Major consultancies Deloitte, EY and KPMG have disclosed some details about their operations to a Senate inquiry. The new details are included in replies to Senate questions about their operations published on Tuesday in which the firms, including strategy firm Boston Consulting Group, all declined to provide details about how much they pay their leaders and other sensitive aspects of their operations. Big four consulting firms Deloitte, EY and KPMG have collectively forced out three dozen personnel over the past two years for misconduct, including at least 14 partners.
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