The PwC tax advice leak scandal should have been a wake-up call for the entire professional services industry. The obvious moral of the story was that ethical failures can have major reputational and financial ramifications for audit, accounting and management consulting firms guilty of sharp practices.It beggars belief, therefore, that just three years after the wrongdoing at PwC a fierce spotlight of media, political, and regulatory attention has returned to the standards and practices across the sector. Another big four professional services firm, KPMG, has been caught out for failing to uphold basic business ethics. KPMG has admitted to using confidential private-sector client information to win audit contracts from these clients’ commercial competitors.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles