As you might remember PwC screwed up the 2017 Oscars by handing the wrong envelope to Warren Beatty and Faye Dunaway. This year there will be increased scrutiny on them and hopefully they don’t mess up. With that being said I wanted to go ahead and discuss five things that you can expect to
One of the biggest stories from February 2018 regarding the big 4 accounting firms is that PwC is selling its public sector practice in the United states. They are selling their public sector practice to Veritas Capital. The PwC practice will retain their staff once they are moved to veritas but they will change
The Securities and Exchange Board in India has banned PwC from auditing listed companies in India for 2 years. This will go into effect on March 31, 2018. This ban does not include audits for the 2017 or 2018 as those are audits are already in progress. What's at stake for PwC 2 year
This is the biggest news, partnerships and acquisitions by big 4 accounting firm PwC for the month of November 2017. PwC November 2017 Media Coverage Forbes article about AI PwC was briefly mentioned in an article on forbes about how the big 4 firms use AI in their practices. https://www.youtube.com/watch?v=-Y7PLaxXUrs The article spoke
PwC announced 2017 revenues on October 4, 2017. Their revenue release comes after releases from EY and Deloitte. PwC announced revenues of 37.7 billion which represents a 7% revenue growth rate. This is a record year of revenues for PwC. Unfortunately this keeps PwC as the second largest big 4 accounting firm in
KPMG Misses the Mark on Miller Energy Audit KPMG settled charges in the amount of $6.2 million on August 16, 2017 with the SEC for their audit of Miller Energy. They agreed to settle charges without admitting any wrong doing. Miller energy was previously charged with accounting fraud. They overstated the valuation of their
Ernst and Young are the independent auditors of Snapchat. PwC was previously the auditors of Snap Inc. until 2016. In 2016 Snap Inc replaced PwC with Ernst and Young. You can check out the SEC filing that shows the dismissal of PwC here. That filing says that there was no adverse opinion on the
We previously announced PwC’s new class of 2017 partners. In that post we detailed how PwC promoted 212 new partners to their 2017 PwC Partner Class. How do those partners get to celebrate their achievement. PwC has a unique event that they hold across the country called promotion day. The PwC New York
Tim Ryan was named U.S. Chairman of PwC on April 12th of 2016. Pricewaterhouse appointed Tim as its new U.S. chairman for a four-year term beginning on July 1, 2016. Tim takes over for Bob Moritz, who is becoming global chairman. Mr. Ryan is a CPA in Massachusetts and New York and a member
PwC has named their 2017 New PwC partner class. They announced their new partner class during the first week of June. The breakdown by line of service is as follows Advisory - 60 Assurance - 74 IFS - 1 Tax - 77 This makes for a total of 212 New PwC Partners for the
