Acting PWC boss Kristin Stubbins apologises, flags severe consequences over tax leak scandal

The damage control at the consulting firm PWC has moved into overdrive with a new chief executive being parachuted in from Singapore to rescue it's shattered government business.

A key part of the strategy to restore trust at PWC is the decision to sell off its government consulting arm to a private equity company - for just one dollar.

But will that be enough to stem the contagion at PWC Australia to the rest of the global empire?

PWC Australia acting chief executive Kristin Stubbins has fronted a NSW parliamentary committee to apologise for the tax leak scandal flagging "severe consequences" for those involved. 

Ms Stubbins said the sale of PWC's government business was critical in rebuilding trust and confidence while protecting up to 2000 staff. 

Here's my report on the ABC's PM program