PwC Full Form (What does PwC stand for?)
Welcome to the PwC full form page where we discuss the PwC meaning.
What does PwC stand for
PwC stands for Price Waterhouse Coopers.
Pricewaterhouse and Coopers & Lybrand merged in 1998 to form PwC. Price Waterhouse officially came into existence in 1874 when Price, Holyland and Waterhouse joined forces in partnership to form Price, Waterhouse & Co.
Price was the last name of Samuel Lowell Price who was one of the original founders. Samuel Lowell Price started his accounting practice in London, UK.
The Coopers in Coopers and Lybrand was the last name of William Cooper. William Cooper started his accounting business in London in 1854. In 1861, it became Cooper Brothers.
Lybrand came from the last name of William Lybrand who partnered with Robert Montgomery, Adam Ross Jr. And T. Edward Ross in 1898 to form Lybrand, Ross Brothers & Montgomery.
In 1957, Cooper Brothers & Co merged with Lybrand, Ross Brothers & Montgomery to form Coopers & Lybrand.
Price Waterhouse and Coopers & Lybrand were both members of the Big 8 accounting firms and Big 6 accounting firms before they merged in 1998 and became part of the big 4 accounting firms.
Price Waterhouse and Cooopers & Lybrand merged for similar reasons as the other big 4 firms. They wanted to expand their global reach.
Learn what KPMG stands for as well by visiting our KPMG Full Form page.
PwC Headquarters are located in New York at 300 madison avenue.
Visit our PwC Wiki page to learn more about pricewaterhousecoopers LLP.