PwC Australia will appoint outsiders to its board and publish audited financial statements as part of a governance overhaul to bring the partnership closer to public company standards following a scandal over the leak of confidential tax documents.

Embattled consulting giant PwC will today announce a major overhaul of governance, culture and accountability when it releases a long-awaited independent review into a tax leak scandal that has badly damaged the firm's reputation.

PwC Australia is implementing significant governance reforms in the wake of a scandal involving the leak of confidential tax documents.