June 18, 2018

PwC

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Accounting News Roundup: Senate Debates Tax Cuts and PwC Takes Some Bitcoin | 11.30.17

Corporate Tax Rate in Flux as Senate Votes to Open Debate [WSJ] As the Senate bumrushes towards a vote on its bill, a lot of things remain up in the air, including the corporate tax rate which some now want to be set at above 20%. Also, “As of Wednesday evening, they didn’t yet have […]

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PCAOB Giving Big 4’s Legal Services the Stinkeye

PwC announced last month that it was launching a law firm in the U.S. because, honestly, who’s going to stop them? Plus, Deloitte wasn’t going to do it, so someone was bound to snatch up the opportunity. PwC’s U.K. affiliate even put out a report recently that found “law firms are not keeping pace with […]

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Accounting News Roundup: PwC Launching a Law Firm in U.S. | 09.21.17

PwC Law Over the past few years, we’ve discussed the Big 4 stomping around Big Law‘s turf. It’s mostly been happening abroad, but last year, I thought out loud that it would only be a matter of time before the Big 4 firms were offering legal services in the U.S. And now, oh, hey look, […]

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Former PwC Employee Latest Star of “Auditor Mishandles Sensitive Client Information”

I haven’t been a Big 4 auditor in quite some time, which means I haven’t taken any training on handling sensitive client information in quite some time. However, my keen sense of self-preservation tells me that if I were in possession of sensitive client information, the kind of information about, say, an upcoming acquisition, I […]

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PwC’s 2017 to Forget Tour Rolls On

PwC, the Big 4 accounting firm most likely to request a mulligan on 2017, has been censured and fined $1 million by the PCAOB for violations in its audit of Merrill Lynch. The PCAOB order follows a SEC action against Merrill from last year after the broker “held tens of billions of dollars” of customer […]

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Ukraine Yanks PwC’s Bank Audit License

From the Financial Times, the National Bank of Ukraine “announced it had pulled [PwC’s] domestic bank auditing rights for failing in prior audits to identify a $5.5bn balance-sheet hole at PrivatBank, the country’s largest lender.” Look for a press release stating that the annexation of Crimea was totally legal from the firm in the coming […]

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Talking About Race, Mega Lawsuits, That Oscars Screw-up and More: A Conversation With PwC’s Tim Ryan

Most people would look at the year PwC Chairman and Senior Partner Tim Ryan has had and think, “That’s rough.” After two killings of black men by police officers and the killing of 5 Dallas police officers last summer, Ryan told Fortune in February that he scrapped his plans and, “got the team together and […]

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Here’s Your Open Thread for PwC Compensation (2017)

You’ve got to hand it to PwC, they’ve really embraced announcing stuff on Twitter. I’m looking forward to the day when people starting tweet their PwC compensation details at @going_concern. Anyway, here’s a tweet from last Friday: It’s #PwCPromotionDay! Incredibly proud to be celebrating everyone who is marking a career milestone today! https://t.co/vJtwzFiqrh pic.twitter.com/Mu8kwbWooh — […]

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PwC Admits 212 New Partners and Principals in U.S.

I think this year’s new PwC partners should feel extra special on their day of recognition because it also happens to be National Doughnut Day. Even if you NEVER eat doughnuts, I think you can forgo discipline for the day the world learns that you’ve become a partner at PwC. This marks the second year […]

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Accounting News Roundup: ‘Strikingly Young’ PwC and Filing Last Minute Tax Returns | 04.18.17

Strikingly young PwC Last year we mentioned a class action lawsuit against PwC that accused the firm of age discrimination for its entry-hires. There’s not much new that I can see in this Wall Street Journal article on the subject, other than the Supreme Court might decide to hear a similar case to provide some […]