“Profound conflict of interest”: PwC boss accused of concealing additional income during Senate hearing.

PwC Australia boss Kevin Burrowes concealed from a parliamentary probe and his own ethics chief that he was “serving two masters” by receiving an additional $1.2 million from the consultancy giant’s international parent, a bipartisan committee investigating the PwC tax scandal has heard.

Mr. Burrowes revealed he received this significant sum for advising PwC International on the tax scandal, in addition to the $2.8 million salary he disclosed as PwC Australia’s chief executive.

The explosive allegation came from Corporations and Financial Services Committee chair Deborah O’Neill during a hearing on Friday, who called it a “profound conflict of interest.”

O’Neill criticized Mr. Burrowes for “misleading” her by not disclosing the secondary salary at a previous hearing.