PwC

Layoff Watch ’20: PwC to Sever Ties with 5% of Its Workforce In Australia (UPDATE) PwC Limits Job Cuts to About 3%

[Updated on Aug. 3 with additional information.] PwC Australia CEO Tom Seymour said layoffs last month weren’t as large as anticipated—the firm let go of 250 PwCers instead of the 400 employees who had initially been targeted for involuntary departure by redeploying dozens of staff, according to the Australian Financial Review on Aug. 3: Mr […]

This Person Is Really Guzzling the PwC Kool-Aid

Saw this posted on Fishbowl a little bit ago, and I’m really hoping this is just a sarcastic PwCer having a little fun while working and not someone who believes all the tripe that comes out of management’s mouths:If you think this person isn’t being sarcastic and is trying to be a good soldier at […]

PwC U.K.’s Auditing Report Card Gets a Grade of U for Unsatisfactory

Yesterday we began our review of the seven audit quality inspection reports issued recently by the U.K.’s audit cops, the Financial Reporting Council, with Deloitte, which was found to have only four of 17 audits (23.5%) that weren’t up to snuff. Today’s victim is PwC. Let’s see how this stalwart of auditing did during the […]

Ex-PwC Senior Manager Got Busted for Trying to Pull a Fast One on PCAOB Inspectors

If you try to do something to outsmart PCAOB inspectors, more often than not you’ll end up looking like the big dummy. Case in point, former PwC senior manager Ryan Collins, who was barred by the U.S. audit cops on July 21 for altering workpapers. Collins, who worked at P. Dubs from September 2010 until […]

Layoff Watch ’20: PwCer Claims Performance Ratings Are Purposely Being Bumped Down to Make Separation Decisions Easier During the Pandemic (UPDATE)

[Updated on July 17 with additional comments.] Two people who currently work at PwC in management roles have chimed in on this topic: one who is siding with the firm and the other who is siding with those folks who have recently lost their jobs. The first is a partner who emphatically says what these […]

Promotion Watch ’20: PwC Canada Welcomed 22 to Partnership Right Before Gutting 5% of Its Workforce

Among the slew of messages we got yesterday regarding the layoffs this week at PwC Canada was this one from a PwCer who was among the hundreds of employees told they were no longer welcome at the House of Marcoux: PwC Canada, just a week ago, was “proud” to announce their new 2020 partners, while […]

Layoff Watch ’20: PwC Canada Confirms It Is Handing Out Pink Slips (UPDATE)

[Updated on July 16 with additional information.] Ugh, here we go again. Another big Canadian firm is cutting employees during the pandemic, and the latest victims are from PwC. We got this tip around lunchtime on July 15: Lay offs have started in a few offices in PwC Canada, including me. I’m only aware of […]

Layoff Watch ’20: Rumor Has It That PwC Brazil Let Go of 600 Employees

[Updated on July 11 with additional information/comments.] A tipster brought to our attention this morning that several people on his LinkedIn feed who worked at PwC in Brazil no longer work at PwC in Brazil as of July 9. Here are a few of the posts, translated from Portuguese to English: And today my journey […]

Mazars USA Poaches Someone From PwC and Issues a Press Release, Part I

Our favorite public accounting bandits Mazars USA is at it again, this time raiding PwC for someone to lead its first office in Texas—a new 4,000-square-foot cube farm in Dallas. Brad Leffler will lead the office and has 23 years of experience serving companies in a wide range of industries including retail and consumer products, […]

Promotion Watch ’20: PwC Admits 232 New Partners and Principals

Today is Promotion Day at PwC, a day to celebrate all those PwCers who earned their new stripes and stepped up in rank, including the firm’s newest class of 128 partners and 104 principals. This year’s class of 232 partners and principals isn’t as robust as the previous two years, but it’s the third largest […]

EY Poaches Someone From PwC and Issues a Press Release, Part I

Today’s edition of “Big 4-on-Big 4 Poaching From Around the World” takes us to Romania, where EY has put everyone in that country on notice now that it just hired a tax specialist away from PwC and made her a partner. Georgiana Iancu now has a seat at the adult table: [Translated to English] Georgiana Iancu […]

Bonus Watch ’20: PwC Is Kinda, Sorta Going Forth with Bonuses, Raises (UPDATE)

[Updated on June 12 with additional information.] So we were told today by a couple of people that PwC had a webcast for new hires on Thursday, led by Chairman Tim Ryan, U.S. Recruitment Leader Rod Adams, and a couple of other people. Once the spiel about what PwC is doing to address the COVID-19 […]

KPMG Poaches Two More People From PwC and Issues a Press Release, Part VI

It’s pretty crazy that there have been so many new KPMG hires from around the globe lately who have come from PwC, because it wasn’t that long ago when KPMG was pretty much a playground for future PwCers. Big 4-on-Big 4 poaching is fun! Especially when it involves these two firms. So let’s head over to […]

KPMG Poaches Someone From PwC and Issues a Press Release, Part V

Everyone’s favorite golf company just hired away a turnaround specialist from one of its biggest rivals in the U.K. Let’s take a trip to London for our latest edition of “Big 4-on-Big 4 Poaching From Around the World,” where we learn a little more about PwCer-turned-KPMGer Massimiliano Messina: Professional services firm KPMG has announced the […]

Rumor Mill: PwC Canada Strongly Encouraging Tax Staff to Work Less So They Don’t Have to Fire You

PwC of the Canadian variety is apparently asking forcing its tax staff to volunteer agree to reduce their work hours with a corresponding reduction in pay to avoid layoffs. Hmmm, how did that work out for Deloitte Canada? Here’s a tip we got over the weekend: PwC Canada Tax announced this week: All staff can […]

PwC’s Latest PCAOB Inspection Report Is Fairly Unspectacular, Part II

Let’s keep plowing through this pile of 2018 PCAOB inspection reports and take a look at how PwC auditors did during the 2017 inspection season. PwC auditors haven’t had a lot of great press lately: we had the Mattel accounting cover-up; Brandon Sprankle spectacularly violating independence rules, resulting in PwC being fined $7.9 million by […]

PwC Poaches Someone From Deloitte and Issues a Press Release, Part I

Last week we told you guys about Deloitte Ireland helping a longtime PwC tax director achieve his dream of becoming a Big 4 partner. In today’s edition of “Big 4-on-Big 4 Poaching From Around the World,” we head to Switzerland, where a PwCer-turned-Deloitter is coming back home to Papa Whiskey Charlie. Richard Geldart rejoined PwC […]

PwC and KPMG Have the FRC Breathing Down Their Necks

The U.K.’s audit cops are curious as to why Eddie Stobart Logistics’ 2018 profits were overstated by £2 million, which resulted in shares of the company being suspended last August, a delay in publishing its 2019 interim results, and Eddie Stobart nearly going out of business. So the Financial Reporting Council is now breathing down […]

TIL: Bob Moritz Was Reappointed PwC Global Chairman … In February

Seriously, I had no idea until tonight when I saw the news release, dated Feb. 24, 2020, posted on PwC’s global website. This never hit our inbox and I can’t find anything else written about this online. Nothing. Poor Bob. They couldn’t even squeeze out a brief mention on PwC US’s website? You know, the […]

Deloitte Poaches Someone From PwC and Issues a Press Release, Part I

Today’s edition of “Big 4-on-Big 4 Poaching From Around the World” takes us to lovely Dublin IRL, where a longtime tax director at PwC Ireland has gone to the Green Side. Deloitte is pleased to announce that Ronan Ferry has been appointed a partner in its tax practice. Ronan will lead the Tax Management Consulting (TMC) team […]

Person From Switzerland Has the PwC Playbook Down Pat

[Translated from German to English] “When the times are good, [PwC] hires young talent en masse, let them work through day and night, and when it comes down to it, put the team out on the street.” — an unnamed PwC Switzerland employee, when asked what they think about the firm’s cost-cutting measures due to […]

What Tim Ryan Learned About PwC During the Pandemic Also Applies to Roofers

“I think what we’ve learned is that it’s always better to control your destiny when you can. And I want to be clear, we made a zillion mistakes. I don’t want to come across as we batted a thousand, because we didn’t. But I think what we’ve learned is that it’s always better to control […]

Big 4 Lawsuits: PwC and a Ponzi Scheme, PwC and a Rich Client, PwC and a Winning Appeal

PwC is keeping its lawyers very, very busy. PwC fails to dismiss £25m negligence claim over Guernsey ‘Ponzi scheme [Financial Times] A judge in the Guernsey Royal Court has dismissed an attempt by the Queen’s PwC to throw out a £25 million lawsuit against P. Dubs for alleged negligence in its audits of a Guernsey […]

Cybersecurity Experts PwC Get One of Their Subdomains Hijacked By Porn Spam

It feels like it’s been months since I’ve been able to write about something that has nothing to do with coronavirus. Kind of a nice feeling, actually, I’ve forgotten what that’s like. Anyhoo, when my esteemed colleague Bramwell spotted this story the other day, he made sure to send it my way because apparently it’s […]

It’ll Be a While Before PwC Offices Are Back to Full Capacity, Obviously

CODE-E can’t wait to see everyone’s smiling faces again. From the Boston Globe on May 6: Many [Greater Boston area] employers are also thinking about phased approaches, for their own workforces. Take what’s happening at PwC’s Seaport office, where more than 3,000 people worked before COVID-19 arrived. John Farina, PwC’s Northeast managing partner, is planning […]

KPMG Poaches Someone From PwC and Issues a Press Release, Part IV

In our latest installment of “Competitive Poaching From Around the World,” we travel to Scotland for some Big 4-on-Big 4 action. And it involves our favorite poaching rivalry: PwC vs. KPMG. This time KPMG of the Scottish variety did a little shopping at PwC. While not a press release, here’s an excerpt from a post […]

BDO Poaches Someone From PwC and Issues a Press Release, Parts II and III

With all this bad stuff like layoffs and pay cuts and furloughs going on in public accounting, it warms the cockles of my heart that there’s still a little competitive poaching going on. We have to go to Australia to find some, but like I tell my kids: You get what you get and you […]

Here’s What We Know About PwC’s Summer Internship Situation

Last week we learned that PwC was taking its summer internships digital, much to the chagrin of at least one guy who wrote us and called it a “big cost cutting measure that none of us are happy about.” He sent us a screenshot of the email he got from his future employer, but since […]

PwC Australia Staffers Looking at Pay Cuts of Up to 40%

Another day, another big accounting firm slashing staff salaries during the COVID-19 pandemic. This time it’s PwC Australia. At least P. Dubs hasn’t laid anyone off (yet) like KPMG Australia did. The Australian Financial Review reported today: Big four consulting firm PwC will cut the hours and pay of under-utilised staff by up to 40 […]

PwC Global Chairman Bob Moritz’s Work-From-Home Setup: An iPad, Laptop, No Monitors, Notepads Galore

BoMo took to IG yesterday to show PwCers his work-from-home battlestation, and to be honest, it’s more befitting of a first-year making $55,000 than the global chairman of the second-largest accounting firm in the world. In fact, every person who has recently posted their WFH setup on Reddit has a snazzier workspace than BoMo. To […]

Let’s Count How Many Different Sports You Can Play at PwC Chairman Tim Ryan’s House

We know PwC Chairman Tim Ryan is a workout fiend who loves playing and watching hockey. But judging by a photo he posted on Twitter a couple weeks ago, he and his kids love A LOT of other sports too. Shortly after PwC announced that it was closing its offices and going into work-from-home mode […]

KPMG Poaches Someone From PwC and Issues a Press Release, Parts II and III

Back about seven or eight years ago, there was no bigger rivalry among the Big 4 than PwC vs. KPMG. The House of Klynveld was constantly trying to steal P. Dubs’ audit clients and KPMG pretty much became PwC’s personal farm system for partners and directors. Between 2011 and 2013, there were at least nine […]

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Death of PwC Indonesia Staffer Marks Possible First Big 4 Coronavirus Casualty

Sad news out of Indonesia, as a member of the PwC family has seemingly lost his battle with coronavirus. This is the first suspected COVID-19-related death we are aware of involving an employee of a Big 4 firm. PwC Indonesia Territory Senior Partner Irhoan Tanudiredja released a statement in which the staffer is not named; […]

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EY, PwC Jumping On the Mandatory Work-From-Home Bandwagon Due to COVID-19

Thanks to a tipster, here’s the email EY U.S. Chair Kelly Grier sent to all EYers Sunday evening regarding where they’ll be working for the foreseeable future: I’m reaching out this evening to express my recognition and concern for the evolving situation involving COVID-19 and the complexity and uncertainty it’s causing across our daily lives. […]

Apparently, PwC NYC Staffer Is a COVID-19 Victim

According to a post on r/accounting, PwC closed its two offices in New York City this weekend after a NYC employee tested positive for the coronavirus. Covid19 case at pwc NYC office from Accounting Also, posts on Reddit and Fishbowl have indicated other cases of COVID-19 in Big 4 U.S. offices, which we haven’t confirmed […]

CohnReznick Poaches Someone From PwC and Issues a Press Release, Part I

Another week, another non-Big 4 firm letting the media know that it just hired someone from the Big 4. This time, CohnReznick was the poacher, and once again, PwC was the poachee: CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, today [March 3] announced that Michael Staub has joined […]

This PwC Napping Pod Is the Dumbest Thing We’ve Seen Since Gary Spivey’s Hair

Anyone see the resemblance? View this post on Instagram #WellnessWednesday: Have you stepped away today to unwind + recharge? We recommend a #powernap in a #teampwc EnergyPod. 😴 #bewellworkwell #healthyhabits #wellnessatwork #workwellness #bewell #workwell A post shared by Life at PwC (@lifeatpwc) on Mar 4, 2020 at 1:23pm PST

The Olds vs. PwC: $11.625 Million Settlement Reached In Age Discrimination Case

A lawsuit filed almost four years ago by two accountants who claimed that the hiring policies at PwC discriminate against applicants over the age of 40 from landing entry-level positions at the firm is finally coming to an end. And the Olds got PwC to settle. Law.com reported today: PricewaterhouseCoopers has agreed to pay $11.625 […]

Honkamp Krueger Poaches Someone From PwC and Issues a Press Release, Part I

Being raked through the coals for the last 48-plus hours on Reddit after an ex-PwC auditor in New York posted that their ass was grabbed at a 2017 holiday party by a colleague who was later promoted, even after an internal firm investigation into the alleged victim’s sexual harassment claim found the ass grabber was […]

The Fortune 100 Best Companies to Work For: PwC #36 (2020)

Welcome back to our recap of the six public accounting firms that made the 2020 Fortune 100 Best Companies to Work For list. Last week we featured Plante Moran (#21), EY (#25), and KPMG (#32). We’ve got three more to give you this week, starting with a firm best known recently for its red pillows, […]

Rumor of the Day: PwC No Longer Pays Out a $20K Elijah Watt Sells Award Bonus

I mean, it’s on Reddit so it must be true. Let’s take a look. Seen talk of this within the last half year and thought I should make a thread to let people know. You can still get a CPA pass bonus of 6k (or 5k, apparently it depends on line of service), but they […]

Life at PwC Involves Again Not Giving ‘La La Land’ the Oscar For Best Picture

I know I’m a day late and a dollar short, but I just wanted to congratulate PwC for not screwing up an Academy Awards show for the third straight year. People seem to have lost interest in the PwC accountants at the Oscars since the debacle on Feb. 26, 2017, the night Tim Ryan was […]

Lawsuit: Mattel Shareholders Are Holding PwC’s Feet to the Fire

Once the Wall Street Journal broke the story last November that Mattel’s finance team and PwC auditors reportedly buried an accounting error that affected the toy giant’s financial results toward the end of 2017, you knew there would be some fallout. First, Bloomberg followed the WSJ report by writing that the PCAOB would be investigating […]

(UPDATE) Auditor Swap: Bubble Popped On EY’s Engagement with Sealed Air Corp.

Editor’s note: This article was originally published on Aug. 15, 2019. Update is at the bottom of this article. Bubble Wrap maker Sealed Air Corp. disclosed in a securities filing earlier this week that it dumped EY as its external auditor and hired PwC, the Wall Street Journal reported yesterday. Now, EY losing an audit […]

Cherry Bekaert Poaches Someone From PwC and Issues a Press Release, Part I

Another PwCer is on the move, as a former tax director in personal financial services has been hired to make it rain at Cherry Bekaert. Growth-focused and nationally acclaimed public accounting firm Cherry Bekaert LLP is proud to welcome Michael B. Vidal, CPA, JD, as a Tax Partner based in Cherry Bekaert’s South Florida practice. As […]

Life as a Super Bowl Winner Is Probably Much Better Than Life at PwC

I’m just spitballin’ here, but I don’t think Kansas City Chiefs starting defensive end Tanoh Kpassagnon is regretting his decision to pursue a career in the NFL than a career in public accounting. The 6-foot-7, 289-pound Kpassagnon had two tackles in the Chiefs 31-20 victory over the San Francisco 49ers in Super Bowl LIV on […]

Here’s a Cringeworthy Coopers & Lybrand Super Bowl Ad From 1993

Super Bowl ads usually fall into one of five categories: ones that make you laugh, ones that get you in the feels, ones that elicit no feelings whatsoever, ones that make you think, and ones that make you cringe. (We’re looking at you, Intuit.) This ad from Coopers & Lybrand (one of PwC’s parental units), […]

Sometimes Life at PwC Involves Bad Improvisation

I don’t think we’ll be seeing Sarah and Rod on Who’s Line Is It Anyway? anytime soon. View this post on Instagram In our digital world, learning from human mistakes can result in big opportunities. This episode features Digital Talent Leader @smceneaney & Talent Acquisition Leader @rodadams9 using improv to share why it’s important to […]

Moss Adams Poaches Someone From PwC and Issues a Press Release, Part I

Nothing new to report on the recent data breach at Moss Adams, but here’s some MA news we missed last month during our holiday lull: They got a guy from PwC. Jason Emmons is now a partner at Moss Adams, and according to his LinkedIn profile, he’s been providing services to customers in a professional […]

Former PwC Global Chairman Dennis Nally Has Got Himself a New Gig

It seems to be a right of passage for former Big 4 chairmen and CEOs to eventually end up on a public company’s board of directors. We saw two such instances last year: After Mark Weinberger retired from EY, he joined the board of MetLife. And former Deloitte CEO and current WNBA commissioner Cathy Engelbert […]

Even During Holiday Time Off, PwC Partner Can’t Take a Break From PwC

Work seems to follow Bhushan Sethi, partner and joint global leader of PwC’s People & Organization practice, everywhere he goes, even to Santiago, Chile for a holiday family vacation. Arrived in Santiago for family vacation and one of the first things we see coming out of the airport is not the Andes but….#teampwc #pwctakesabreak pic.twitter.com/nsEtZMUZeJ […]

Move Over @MickelsonHat, a PwC Pillow Is Taking the Social Media World By Storm

Meh, not really. In fact @pwcpillow on Instagram is kinda lame. No crazy hijinks like setting fire to a blue Phil KPMG hat or pranking PwC’s favorite robot buddy, CODE-E. But I thought this was a little amusing: View this post on Instagram This is NOT ok, why isn't this little kitty helping me?? #pwcpillow […]

PwC and BDO Hong Kong Affiliates Got Their Hands Slapped by the PCAOB

As we begin to take a look back at the year that was 2019, one of the weird things public accounting firms were disciplined for this year by the PCAOB was for not disclosing that they’ve been the focus of a non-PCAOB disciplinary hearing. According to PCAOB Rule 2203, if a firm is a defendant […]

‘Big R’ Restatements Are Quite the Thing For PwC Audit Clients

All the Tesla haters are having a field day with this on Twitter. The Wall Street Journal reported today: [PwC] has had a streak of accounting problems surface recently at U.S. companies it audits, including an uptick in high-profile restatements. Its clients account for three of the five biggest restatements so far this year, measured […]

PwC Would Appreciate It If Staff Would Stop Getting Drunk In the Office, Thx

In a former office of mine that shall remain nameless, we had a liquor cabinet. Working long hours, it wasn’t unheard of for my colleague and me to pour ourselves a drink at 5 on the dot, sipping vodka Red Bull as we tied up the day’s tasks. The arrangement worked well as we got […]

Tim Ryan Isn’t Worried About Poaching at PwC Because of Heart or Something

“We spend about half a billion dollars a year on upskilling our employees. A big part of our [leadership team] debate three years ago [was] well, if we make our employees more relevant then they’ll get stolen. What we’ve seen is the contrary. We’re investing in our employees—we’re leading with our heart, we’re leading with […]

EisnerAmper Poaches Someone From PwC and Issues a Press Release, Part I

Brent Lipschultz has boomeranged back to EisnerAmper after a four-year layover at PwC where he was a partner in the firm’s Personal Financial Services practice. Lipschultz, who has been a guest on CNBC a time or two to talk about taxes, investor confidence, and a bunch of other wealth advisory stuff, has re-emerged at EA […]

Uh-Oh, PwC, You’ve Gotten the Attention of the PCAOB

Somebody at the PCAOB must have read the Wall Street Journal article last week about Mattel and its auditor PwC allegedly burying an accounting error tied to Mattel’s ownership of Thomas & Friends because everyone’s favorite mess of an audit regulator is reviewing PwC’s work, according to Bloomberg, and probably whether the firm broke any […]

PwC Probably Did Celebrate When It Helped Mattel Cover Up an Accounting Error

By now you guys have probably read the Wall Street Journal article yesterday that explains what Mattel and PwC did to bury accounting issues related to the value of the Thomas & Friends show for kids. If for some reason you’ve been too busy to surf the web or dick around on Reddit in the […]

Weaver Poaches Someone From PwC and Issues a Press Release, Part I

Today we have another example of a big fish in a small pond. The small pond being the brand spankin’ new Weaver office in Oklahoma City. The big fish is Zeeshan Khan, who is no longer representing the autumnal hues of PwC. The national accounting firm Weaver, one of the 35 largest certified public accounting firms […]

Dallas Jury Convicts Amber Guyger of Murdering PwC Accountant Botham Jean; Ex-Cop Given 10 Years to Think About Her Choices

A jury of eight women and four men sentenced former Dallas police officer Amber Guyger to 10 years in prison on Oct. 2 for killing PwC Dallas accountant Botham Jean, a day after the jurors convicted her of murder. The jurors—five of whom are black, five are Hispanic or Asian, and two who are white—only […]

PwC Earns Record Revenue of $42.4 Billion In FY 2019, Is Still the First Loser

Another Big 4 accounting firm has touted that it made more money in fiscal year 2019 than ever before. First, it was EY. Then it was Deloitte. Now today, PwC sent out its own masturbatory congratulatory press release, saying it achieved a record $42.4 billion in global revenue for the year ending June 30. That’s […]

PwC Fined $7.9 Million By the SEC for Making Pretty Dumb and Obvious Independence Violations

About a month ago, we chided RSM US for being fined $950,000 by the SEC for getting caught providing non-audit services to audit clients, saying that a firm like RSM should’ve known better. But PwC got busted today by the SEC for also doing non-audit work for audit clients, which pretty much reinforces how shady […]

PwC Equity Partner Pay Isn’t Too Shabby In the U.K.

Equity partners at PwC in the U.K. didn’t quite get the haul that their fellow equity partners at Deloitte U.K. got recently, but let’s just say they aren’t going hungry anytime soon. From the Financial Times: More than 900 equity partners, who share in PwC UK’s profits, will receive an average £765,000 for the year […]

Ex-Cop Who Killed PwC Accountant Botham Jean *Will* Stand Trial In Dallas County

District Judge Tammy Kemp made her decision a short time ago, rejecting the request from the attorneys of Amber Guyger, the former Dallas police officer who shot and killed PwC accountant Botham Jean last September, to move her murder trial out of Dallas County. #BREAKING: Judge rules Amber Guyger's murder trial will remain in Dallas, […]

One Year After PwC Accountant Botham Jean Was Murdered, Jury Selection Has Begun In Trial of Cop Who Killed Him

A year ago this evening, PwC Dallas accountant Botham Jean was chillin on a couch in his apartment watching a college football game when the front door to his unit opened, and there stood Dallas Police officer Amber Guyger, still wearing her uniform. Guyger had just come home to the South Side Flats apartment complex […]

PwC Mexico Partners Must Have Thought Auditor Independence Rules Did Not Apply to Them

A friendly reminder to audit firms: an auditor must maintain independence in both fact and appearance. Maybe PwC Mexico forgot this when it took over in fiscal year 2016 as the auditor of one of the largest financial services holding companies in Mexico. It just so happened that at the time the engagement letter was […]

Attorneys For Ex-Cop Who Killed PwC Accountant Want Her Murder Trial Moved Out of Dallas, Obviously

Citing “prejudicial” and “inflammatory” media coverage as the reason, the attorneys for Amber Guyger, the former Dallas police officer who killed PwC accountant Botham Jean in his apartment last September, recently filed a change of venue motion to move her murder trial out of Dallas County, saying she can’t get a fair trial there. But […]

Blumshapiro Poaches Someone From PwC and Issues a Press Release, Part I

Blumshapiro’s newest tax partner in Beantown has a great deal of experience in the Big 4 trenches. blumshapiro, the largest regional business advisory firm based in New England with offices in Massachusetts, Connecticut, and Rhode Island, recently announced that Joe Feehan has joined the firm as a Tax Partner in the Boston office. Feehan has […]

Peeping PwC Pervert Busted With a Huge Collection of Upskirt Pics on His iPhone

In this day and age, most of us wander the world assuming our likeness is captured around every corner. Between run-of-the-mill Big Brother surveillance, red light cams, and modern humans’ propensity to broadcast nearly every moment of their waking lives to the internet, getting photographed in public is nothing out of the ordinary (if still […]

Apparently PwC and Wesley Bricker Just Can’t Get Enough of One Another

PwC rolled out the red carpet on July 1 welcoming Wesley Bricker’s triumphant return from the dingy dungeons of the SEC, with trumpets blaring, a large feast being served, and red wine flowing like water—at least that’s how it happened in my mind. Bricker, who stepped down as SEC chief accountant in late May, has […]

Auditor Swap: KPMG No Longer a Smash Hit with Movie Theater Chain Cineworld

Sometimes relationships outlive their usefulness, especially when one partner takes the beer goggles off and realizes that the other partner has been acting kinda shady lately, become too expensive to be with, and the old adage, “You can’t put lipstick on a pig,” seems more fitting each day. That expensive pig with lipstick on is […]

No Auditor Swapping For International Olympic Committee

The IOC announced today that it will keep rolling with P. Dubs. The International Olympic Committee (IOC) has reappointed PricewaterhouseCoopers (PwC), the international professional services firm, as its external auditor for a six-year term. Pierre-Olivier Beckers-Vieujant, the IOC’s audit committee chair, told members that the six-year appointment, which followed an auditor selection process that began […]

PwC In the U.K. Got a Big Fine For Doing a Crappy Job Auditing Redcentric

Oh look, a Big 4 firm other than KPMG got in trouble earlier today with the audit overseer across the pond. The Wall Street Journal reported: The Financial Reporting Council, Britain’s regulator for accounting and audit, on Thursday penalized PwC and partners Jaskamal Sarai and Arif Ahmad in relation to audits of the 2015 and […]

Jury Selection In Amber Guyger Murder Trial to Begin Exactly One Year After She Killed PwC Accountant Botham Jean

Two noteworthy things came out of former Dallas police officer Amber Guyger’s first court appearance on June 6 before the judge who will preside over her murder trial in the slaying of PwC accountant Botham Jean: 1. Jury selection to begin Sept. 6. That is the one-year anniversary of when Guyger came home to the […]

PCAOB Doesn’t Take Kindly to Auditors Who Alter Audit Documentation Prior to an Inspection

For years, the PCAOB has pleaded with auditors to quit altering audit workpapers after being notified of an inspection, and some auditors continue to thumb their noses at the PCAOB. Like Humayoun Khan, a former PwC auditor, who was accused of improperly altering a previously archived workpaper in anticipation of a PCAOB inspection. A PCAOB […]

Hiring Watch ’19: Hey Auditors, PwC U.K. Now Has 500 Job Openings For You to Fill

Whoa, if you haven’t seen by now, the Queen’s PwC announced some pretty big news earlier today. The Wall Street Journal reported: Professional-services firm PricewaterhouseCoopers LLP on Wednesday announced various measures aimed at overhauling its U.K. audit business, amid growing regulatory concerns about the quality of the country’s audit sector. PwC, one of the Big […]

PwC South Africa Executive Learns That Being a Racist D-Bag In an Airport Will Get You Fired

Protip: If you’re an entitled, old, racist white guy, it’s not wise to go on a rant against black people in an airport when the whole world can whip out their smartphones and record you being a douchebag. That’s what happened last Thursday evening at Cape Town International Airport in South Africa, when a PwC […]

Promotion Watch ’19: PwC Admits 249 New Partners and Principals

The most prestigiest firm in all the land unveiled its 2019 class of new partners and principals on May 31, and it’s another big one: I am thrilled to welcome 249 new partners to our @PwCUS family! These leaders have led by example and I'm excited to see what the future holds for them and […]

Auditor Swap: Mazars Wins Goldman Sachs International Audit Firm Sweepstakes

For weeks, the rags in the U.K. have speculated about which midtier firm would win the battle to audit Goldman Sachs’ London-based European operations, a job PwC has held for what seems like a gazillion years. Would it be Grant Thornton? Would it be BDO, which became the fifth-largest firm in the U.K. earlier this […]

‘I’m F*cked’: What Amber Guyger Told 911 Dispatcher After She Killed PwC Accountant Botham Jean

A Dallas TV station obtained the audio recording of the 911 call made by now-former Dallas police officer Amber Guyger after she shot and killed PwC accountant Botham Jean in his apartment, in which she repeatedly tells the dispatcher that she thought she was entering her apartment. Guyger, 30, is scheduled to go on trial […]

PwC’s Latest PCAOB Inspection Report Is Fairly Unspectacular

So far among the top seven firms in the U.S., the PCAOB has released 2017 inspections reports for five: one was god-awful (RSM US), one was horrible (KPMG), one was pretty, dare I say, good (Deloitte), and one was dynamic (Grant Thornton). PwC’s inspection report would probably fall on the “good” side (if you consider […]

You’ll Have to Pry Vault’s ‘Most Prestigious Firm’ Title Out of PwC’s Cold, Dead Hands

A little while ago, we told you how PwC locked down the top spot in Vault’s 2020 Accounting 50—the seventh consecutive year the firm has been ranked No. 1.  But believe it or not, this isn’t the longest win streak P. Dubs has going when it comes to Vault’s rankings. Even though the House of […]

PwC Once Again Tops Vault Accounting 50 (2020)

It’s one of our favorite times of the year at GC HQ when our friends at Vault put out their yearly rankings of the top accounting firms in the U.S. in several categories. But for now, we’re going to focus on the overall top 50 ranking. The No. 1 firm in the U.S. for 2020, […]

The Olds vs. PwC: Age Discrimination Case Can Proceed as a Collective Action

It’s been a while since we’ve had an update on Rabin v. PricewaterhouseCoopers LLP, the age discrimination lawsuit accusing PwC of favoring younger workers over individuals over the age of 40 for entry-level positions within the firm. Well, we’re happy to tell you we have a little bit of news, courtesy of Law.com: U.S. District […]

Trial of Ex-Dallas Cop Accused of Killing PwC Accountant Botham Jean Delayed Until September

Amid all the Chicago Cubs angst that has been in my Twitter feed of late was this tweet from the Dallas Morning News: Former Dallas officer Amber Guyger's murder trial delayed in slaying of Botham Jean https://t.co/RHdhIN1FnA — Dallas Morning News (@dallasnews) April 2, 2019 Guyger’s murder trial was supposed to begin on Aug. 12, […]

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PwC Embroiled In Massive Office-Wide Theft Scandal

People who aren’t accountants no doubt believe accounting to be one of the most trustworthy professions out there, second only to Buddhist monkistry, the clergy (in most cases, anyway), and professional seeing-eye dogging. However, despite being bound by a strict code of ethics under their respective professional licensing bodies, as well as their own rigid […]

Ex-Dallas Cop Accused of Murdering PwC Accountant Botham Jean Will Go On Trial In August

The murder trial for Amber Guyger, the former Dallas police officer who was charged in the 2018 shooting death of PwC Associate Botham Jean, will begin on Aug. 12, according to published reports. Guyger and her attorneys made a brief appearance in court on March 18 for an “announcement setting,” but a gag order issued […]

Tim Ryan Crunches More Than Just Numbers

A couple hours ago, as I’m putting together today’s newsletter, Adrienne and I got a text from Caleb that said, “Tim Ryan does 1,200 sit-ups in a day? Holy shit.” I thought, “What the hell is he talking about?” So, I Googled “Tim Ryan PwC sit-ups,” and sure enough, a March 13 Wall Street Journal […]

PwC New Zealand Accountant Killed in Christchurch Mosque Terrorist Attack

A 27-year-old chartered accountant from Pakistan who worked at PwC New Zealand was among the 50 people who were killed during a terrorist attack at two mosques in Christchurch, New Zealand on March 15, according to published reports. The Ministry of Foreign Affairs in Pakistan confirmed the death of Syed Areeb Ahmed on March 16. […]

PwC Settles with FDIC for $335 Million Over Colonial Bank’s Epic Collapse

Well, this was some news I really wasn’t expecting today. FDIC as Receiver for Colonial Bank, Montgomery, AL, reached a $335 million settlement with PricewaterhouseCoopers LLP related to professional negligence claims. Colonial Bank failed on August 14, 2009. https://t.co/W2ohFNCvRe — FDIC Gov (@FDICgov) March 15, 2019 Here is the full statement from the FDIC: The […]

Auditor Swap: Fitbit Dumps PwC In Favor of Grant Thornton

The Purple Rose of Chicago just got itself a new engagement. Via Reuters: Wearable device maker Fitbit Inc has dismissed auditor PricewaterhouseCoopers LLP after a review of its fees and appointed Grant Thornton LLP, the company said in a regulatory filing on Thursday. The filing states that Fitbit chose not to renew its engagement with PwC […]

PwC Really Wants You to Be a CPA Before Senior But Will No Longer Hassle You About It

Fresh from /r/accounting comes news that PwC Assurance is no longer requiring licensure before promotion to senior which naturally led me to ask my cat who happened to be sitting next to me on the couch “wait, since when do you need a CPA to get promoted to senior to begin with?” I mean manager, […]

Thankfully, PwC’s Robot CODE-E Does Not Want to Destroy the Human Race

Everybody’s favorite technology-talkin’ PwC robot, CODE-E, made an appearance on the show “Windy City Live” in Chicago this morning and WHY DIDN’T I KNOW ABOUT THIS IN ADVANCE, PwC? I would have made the trek into the city to see CODE-E in the flesh … or steel … or aluminum or whatever it’s made out […]

PwC Italy Partner Is Probably In a Lot of Trouble, You Guys

So, there was this accounting scandal in early 2017 at the Italian unit of British phone company BT, in which nearly two dozen people at BT Global Services, including its CEO, CFO, and head of Europe, knew about inflated revenues, bogus contract renewals and invoices, and made-up supplier transactions to “meet bonus targets and disguise […]

Hey Tim Ryan, We Found That Shoe Shine Guy You Wanted to Recruit to PwC

Back in 2015, Caleb wrote an article based on a LinkedIn post by then-PwC Vice Chairman of Stuff Tim Ryan about an exceptional shoe shine guy he met at LaGuardia Airport. In typical holier-than-thou, white-collar fashion, Ryan kicked himself for not giving the guy his card, as he likely dreamed throughout his flight of offering […]

Hey, There Was a PwC Robot Sighting in NYC School

Back in late October, we told you about CODE-E, a robot PwC is bringing to schools to help educators teach students about technology skills and financial literacy. Because no one can teach students how to manage their money better than a non-human, right? Right. Anyway, it looks like CODE-E is starting to make the rounds […]

Driver Admits to Dozing Off In Crash That Killed PwC Senior Associate In India

The man who was driving three PwC employees to work in India on Jan. 9 told police he fell asleep right before the office pool car climbed a median divider and smashed into a lamp post, killing one of his passengers and injuring the other two. According to The Times of India, police have booked […]

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PwC Senior Associate In India Killed, Two Colleagues Injured In Rollover Car Crash

Sad news to report out of India, as three PwC employees were injured, one fatally, in a rollover car accident Wednesday morning. The three men were passengers in an office pool car and were on their way to work at PwC’s office in Kolkata, West Bengal, when the vehicle suddenly swerved to the right and […]

Ex-Dallas Cop Who Killed PwC Accountant Botham Jean Comes Out of Hiding

Amber Guyger, the former Dallas police officer who was indicted on a murder charge late last year for fatally shooting PwC Associate Botham Jean in his apartment in early September, appeared at a Dallas County courthouse on Jan. 8, where a judge issued a gag order preventing attorneys from speaking publicly about the case. According […]