November 21, 2018

PwC

New Dallas County DA Not Shy About Wanting Cop Who Killed PwC Accountant Charged with Murder

The newly elected Dallas County district attorney believes that former Dallas police officer Amber Guyger got off easy with a manslaughter charge in the September shooting death of PwC associate Botham Jean (pictured above). “I don’t know any police reports. I don’t know any forensic reports, but based on what I have seen, manslaughter is […]

Botham Jean’s Family Sues City of Dallas, Trigger-Happy Cop Who Killed PwC Accountant

The family of Botham Jean filed a federal lawsuit against the city of Dallas and police officer Amber Guyger late last month, claiming that Guyger used excessive force and violated Jean’s constitutional and civil rights when she shot and killed the 26-year-old PwC associate in his apartment on Sept. 6. The lawsuit—which was filed on […]

Let’s All Meet ‘Cody (COD-E),’ PwC’s Newest and ‘Creepiest’ Grunt

Earlier this morning, as I was getting ready to go to the dentist because I have a killer toothache, I heard from a tipster who told me to check out what’s going on in PwC’s Twitterverse. And this is what I saw: Today I'll be speaking at the @AtlanticLIVE #FutureWork2018 alongside two of our Digital […]

Dallas Cop Who Fatally Shot PwC Associate Botham Jean ‘Bragged About Being Violent’ on Pinterest

Amber Guyger, the Dallas police officer who killed PwC Associate Botham Jean in his apartment in early September, apparently said on social media that she is a big fan of “one shot, one kill” and boasted that people were “lucky” if she hadn’t gone a week without killing someone, according to a new report. Sometime […]

Why PwC Kenya Manager Took His Own Life Still Remains a Mystery

It’s been nearly a week since Stephen Mumbo died of an apparent suicide after falling from PwC’s 17th-floor Delta Towers offices in Nairobi, Kenya, to a second-floor balcony of the building, and local authorities are still investigating why he took his own life. Reports out of Kenya surfaced earlier this week that Mumbo, an assistant […]

PwC Manager in Kenya Dies of Apparent Suicide at Work

A manager at PwC’s office in the Westlands neighborhood in Nairobi, Kenya, died on Friday morning of an apparent suicide, after he fell from the 17th floor of PwC Tower and landed on the balcony of the second floor of the building. The employee was identified as Stephen Mumbo, according to Peter Ngahu, PwC country […]

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PwC Global Revenue Hits $41.3 Billion in Fiscal Year 2018

You can breathe a sigh of relief, Green Dot Nation—Deloitte remains the largest accounting firm in the world. We thought maybe, just maybe, PwC would overtake Deloitte for the No. 1 spot this year, but PwC’s global revenue of $41.3 billion for the fiscal year that ended June 30, 2018 fell short of Deloitte’s global […]

UPDATED: PwC Associate Shot and Killed By Off-Duty Dallas Cop Who Walked Into Wrong Apartment

Updated on Sept. 24, 2018: The Dallas police officer who was charged with manslaughter three days after fatally shooting PwC associate Botham Jean in his apartment on Sept. 6 was fired on Monday by Police Chief U. Renee Hall, according to the Dallas Morning News. Amber Guyger has been on administrative leave since the shooting […]

PwC to Hold Moment of Silence in Remembrance of Botham Jean

PwC will observe a moment of silence throughout all of its U.S. offices later this week in honor of Botham Jean, a 26-year-old risk assurance associate in the firm’s Dallas office who was shot and killed in his apartment by an off-duty Dallas police officer on Sept. 6. First reported today by Bloomberg and confirmed […]

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PwC Tries to Lure in Recruits Who, Like, Don’t Want to Be Held Down by the Man, Man

So you did alright in high school, graduated from a decent college accounting program, and possibly even tackled a Masters to ensure you stood out from all the other blue shirts vying for Big 4 internships. What’s next for you? Well, putting in a few hours at PwC between your Prime Now delivery gig if […]

Woman and child at a park

PwC Has Broken Into the Cringeworthy World of Mommy Blogging

When you think of PwC, what comes to mind? Coveted internships? Bob Moritz’s hot dad glasses? Totally screwing up the one job they had at the Academy Awards? Well, get ready for PwC’s latest venture: blogging about period cramps. That’s right, y’all, PwC has ventured into mommy blogging. Once solely the domain of Scentsy-pushing stay-at-home-moms […]

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PwC Is Getting Into the Exciting World of Fraudulent Meat

We’ve talked a lot over the last few years about accounting firms biting off more than they can chew, with ever-growing consulting arms and now even legal services, but this one takes the cake. The Telegraph reports: The accountancy firm Pricewaterhouse Coopers (PWC) is developing an edible signature with an agent used in spices and […]

PwC fdic colonial

U.K. Watchdog Blasts PwC for ‘Incomplete, Inaccurate, and Misleading’ Audit of BHS

In a leaked Financial Reporting Council report, the U.K’s accounting watchdog hammered PwC for bungling the audit of BHS, which resulted in “incomplete, inaccurate, and misleading” statements being made about the now-defunct retailer’s financial situation just before it was sold for £1, according to Accountancy Age. The article states: According to the leaked report, which […]

Renowned U.K. Legal Eagles PwC Made Almost $92 Million in Law Revenues in the Past Year

You better watch your back, DLA Piper. PwC is coming for ya. From Law.com: PwC’s legal operations brought in around £70 million ($91.82 million) in U.K. revenues during the 2017-18 financial year—a figure that would have put it only just outside the U.K. top 50 based on last year’s rankings. The Big Four accounting firm, which received an alternative business […]

PwC Toeing Thin Line Between Independent Auditor and Client Lobbyist for Tax Reform

Francine McKenna of MarketWatch reported on July 30 that PwC has earned $10.74 million since 2013 as the exclusive registered lobbyist on tax reform for a coalition that includes several audit clients, which some say is a conflict of interest. Members of the Alliance for Competitive Taxation—which calls itself “a group of America’s leading companies […]

Max Livingstone-Learmonth dressed as bishop at I Move London

Non-Religious Future PwC Partner Credits ‘Divine Intervention’ For Nabbing Purse-Snatcher

The Evening Standard reports that a soon-to-be PwC partner got to play the hero in the midst of a potentially record-breaking relay race in London, all while dressed like a bishop. Forty-year-old Max Livingstone-Learmonth was on his 10km (about 6.2 miles) leg of the I Move London race when he spotted a woman chasing a […]

Older Job Seekers Denied Class-Action Status in Age Discrimination Lawsuit Against PwC

A federal judge in San Francisco rejected class-action status to a group of up to 14,000 older job applicants on July 26 who are accusing PwC of favoring younger workers over individuals over the age of 40 for entry-level positions within the firm. The age discrimination lawsuit, which was filed in April 2016 by CPA […]

Here’s Your Open Thread for PwC Compensation (2018)

So, yeah, the whole “putting the 2018 PwC compensation thread in Open Items” thing didn’t go too well. After just two responses (thanks to SlowlyDying1065 and Franchise) and a minus-27 vote rating, this thread had become a dumpster fire. But now that we’ve resurrected the article comment section, we’ve taken this discussion out of Open […]

Colonial Bank Collapse Will Cost PwC $625 Million, Reports Say

[Updated with statement from Bartlit Beck Herman Palenchar & Scott] Reports are hitting the interwebs this afternoon that a federal judge has ordered PwC to pay the Federal Deposit Insurance Corp. $625 million in damages for failing to uncover a long-running fraud scheme between its client Colonial Bank and the now-defunct mortgage lender Taylor, Bean & […]

PwC Cutting the Cord on Landlines in All U.K. Offices

It looks like PwC staffers are going all mobile, all the time in the United Kingdom. The Telegraph reports: Accountancy company PwC is doing away with landlines at office desks, expecting its 18,000 staff to use the “more efficient” mobile phones by the end of the summer. A spokesman for PwC said: “We already equip […]

You Must Be Digitally Fit to Land a Job at PwC

For those college students who aspire to one day possess a stack of PwC business cards, Mike Fenlon, PwC’s chief people officer, explains how you—yes, you—can land a job with the professional services firm. Obviously, interning with PwC will give you a leg up on the competition, as Fenlon told CNBC that a majority of […]

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PwC Admits 233 New Partners and Principals in the U.S.

A tipster (Caleb) let me know that PwC released its list of new 2018 partners and principals across the United States and Mexico on June 1. This year’s crop totals 233, which surpasses the 212 who joined the ranks of partner or principal in 2017. In comparison, there were 226 in the 2016 class, 201 […]

pwc colonial award

PwC Faces Damages That Range From ‘Bad’ to ‘Worse’ But Probably Far Short of ‘Catastrophic’ for Colonial Bank Failure

Francine McKenna reports on MarketWatch that the Federal Deposit Insurance Corp. stands to collect a pret-tay pret-tay pret-tay big chunk of change from PwC for the losses from the bankruptcy of Colonial Bank. The FDIC, acting as receiver for the failed Colonial Bank Group that collapsed in 2009, has asked Judge Barbara Rothstein to award […]

pwc culture

Thanks to Millennials, PwC Now Knows Their People Want Lives Outside of Work, Have the Feels

The history of PricewaterhouseCoopers goes back to 1849 when Samuel Lowell Price set up business in London. Shortly after that, in 1854, William Cooper started his firm, which would later become Cooper Brothers. It’s hard to know what either Price and Cooper were thinking about back then other than outrageous blacksmith prices and how to […]

#Envelopegate Redux: PwC Failed to Predict the Worst-Case Scenario

Last month we noted that PwC had gone far out of its way to not talk about its role at the Academy Awards after last year’s colossal screw-up with the Best Picture envelope. That doesn’t prevent the rest of the entertainment and accounting media (well, maybe just us) from talking about it, however. You can […]

Former PwC Partner Suing Firm After Getting Fired for Groping a Co-worker Who He Can’t Remember Groping But Knows He Didn’t Grope

Let’s say you’re a professional businessperson and you’re at a work event. Let’s also say that you and your colleagues are wearing costumes. And let’s also say that there’s plenty of alcohol and some people are overserved and you are one of these overserved persons. At some point in this scenario, while you’re deep in your […]

pwc colonial award

Veritas Capital Sets PwC Free From Its U.S. Public Sector Business

It’s not every day that a Big 4 firm sells a piece of it lucrative consulting business, so, hey, look: Veritas Capital is buying PwC’s Public Sector Business. It’s a relatively small part of the firm; only 1,500 partners and staff make up the group, one that Tim Ryan called “a tremendous business” in an […]

pwc oscars 2018

PwC Not Talking Up Its Role in the Academy Awards This Year, Obviously

The Golden Globes were a few weeks back, and it caused me to reflect on how an awards show should go for the accounting firm that tabulates the ballots: Congrats to Ernst & Young for not being in the news this morning. #goldenglobes — Caleb Newquist (@cnewquist) January 8, 2018 Last week, the Academy of […]

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Accounting News Roundup: PwC Appeals India Ban; Blockchain Names; Flying Cars and Sales Tax | 01.26.18

PwC appeals two-year ban on audits in India [AT] The Securities Exchange Board of India banned PwC from auditing public companies earlier this month over the firm’s failure to detect the fraud at Satyam Computer Services. The appeal is expected to be heard by the end of February. PCAOB Board Statement on Passing of Former […]

pwc colonial award

Accounting News Roundup: India Bans PwC for Two Years Over Satyam Fraud | 01.11.18

India Bans PricewaterhouseCoopers From Auditing Listed Firms for Two Years [WSJ] The Securities and Exchange Board of India banned PwC affiliates from auditing listed companies for two years over the $1 billion Satyam fraud (India’s Enron, if you prefer). As you may recall, PwC partners were sentenced to jail for this debacle, but the firm […]

pwc culture

Let’s Wildly Speculate About Why PwC Is Shopping Its Government Services Practice

This Reuters story reports that PwC is looking to sell its government services, perhaps “to pursue the growing business of auditing government agencies.” The story says that Morgan Stanley is running the sale and private equity firms Veritas and Madison Dearborn Partners are two potential buyers. None of the firms mentioned commented for the Reuters […]

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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 […]

pwc colonial award

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 […]

pwc legal us

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, […]

pwc culture

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 […]

pwc hna

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 […]

PwC fdic colonial

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 […]

pwc tim ryan

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 […]

pwc steven cohen

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 — […]

pwc steven cohen

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 […]

pwc steven cohen

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 […]

pwc oscars 2018

PwC Keeps The Oscars Gig

After dealing with weeks of embarrassment, brand damage, ridicule, repeated apologies, rejection and capitulation, PwC has finally caught a break. The Hollywood Reporter reports that the Academy of Motion Picture Arts and Sciences has decided to retain the firm to tabulate the ballots for the Oscars despite the colossal screw-up that happened with the Best […]

pwc legal us

We Finally Found a Service That a Big 4 Firm Won’t Provide

One thing we talk about around here from time to time is the fact that Big 4 firms want to be the proverbial Walmart of professional services. If you’re a business and you need a service, you can pick one firm and they’ll do pretty much anything and everything. If you’re an important enough client, […]

pwc legal us

PCAOB Sanctions Former PwC Brazil Partner for Lousy Auditing

You may have noticed, maybe not, but PwC is in the midst of a bad publicity streak. Last month, one partner screwed up the hand-off of the Best Picture envelope at the Oscars while the other partner froze. A few days later, federal agents raided Caterpillar’s headquarters over its offshore tax practices that PwC helped […]

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Judge Didn’t Buy PwC’s Story, Rejects Call for Mistrial

Judge Victor Marrero rejected PwC’s argument that MF Global’s attorneys were presenting a new theory of causation in their case, dealing the firm a setback in the trial. PwC claimed that the plaintiffs were conducting a “trial by ambush.” From Reuters: PwC said the administrator has in three years of litigation blamed the bankruptcy on […]

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MF Global Not Amused By PwC’s Threats for a Mistrial

Yesterday, PwC asked the judge in its court battle with MF Global to prohibit the use of a “new theory of causation” or to declare a mistrial. PwC filed the motion at midnight on Monday, so you can’t blame the plaintiffs if they felt caught off guard. Dan Fetterman, the lead attorney for the plaintiffs […]

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Is PwC on the Ropes in the MF Global Trial?

How are you, PwC? Week 2 in the trial between MF Global and PwC started off interestingly enough: PwC wants the judge to consider declaring a mistrial. The reason? The firm’s lawyers claim that the plaintiffs have “changed its theory of why the brokerage failed” calling it a “trial by ambush.” MF Global’s attorneys see […]

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Accounting News Roundup: PwC in Court, Robots and Stalled Tax Reform | 03.08.17

PwC in court I wrote about some people using PwC to get out of jury duty yesterday and this Financial Times article gives you a pretty good idea of what they’re missing: Both sides’ opening statements made clear that the 10-strong jury will be expected to grasp complex US accounting rules: specifically, a standard known […]

pwc oscars 2018

It’s a Safe Bet That a Few People Knew That Saying “PwC Is a Bunch of Morons” Would Get Them Out of Jury Duty

This Associated Press report chronicles the first two days in the trial between the bankruptcy trustee of MF Global Holdings and PwC. The story is fine, a classic example of AP reporting, but two sentences make it truly remarkable (and thus worthy of our pages here): What was originally a highly technical case newsworthy mostly […]

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Exposure Drafts: Best Picture Definitely Didn’t Go To Manchester by the PwC

This is a special weekend edition of Exposure Drafts. Send suggestions to [email protected]

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In MF Global Trial, PwC Hoping for Jurors Who’ve Been Under a Rock

Despite all the hubbub around the screw-up at the Academy Awards, PwC has to soldier on with its business. Unfortunately, right now that business includes defending itself against a massive lawsuit in a trial that starts on Monday. It’s hard to imagine a worse Monday than the day after #Envelopegate, but the firm’s face-off with […]

PwC’s Recruiting Will Take a Hit Over the Oscars Debacle

Forty-two years ago I sat down to make an important life decision, my second in two years.  The first was to go to graduate school instead of accepting a commission in the Marine Corps. The second was to join Price Waterhouse. Marriage would come later. I was the first in my family to go to […]

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Accounting News Roundup: Public Shame, Layoffs and Audit Campaigns | 03.01.17

Public shame By now, everyone knows that PwC partner Brian Cullinan handed the wrong envelope to Warren Beatty which set off the huge Best Picture fiasco at the Oscars. This is the version that was widely reported on Monday and then confirmed by the firm later in the day. Whether his tweeting was the culprit […]

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Accounting News Roundup: Failing to Predict Failure and Unauthorized Tweeting | 02.28.17

Failing to predict failure One thing that I’m still confused about in this whole PwC/Oscars debacle is the plan of action — or lack thereof — in case the wrong winner was read on stage. Here’s what Brian Cullinan told the Huffington Post, in a now jinxiest interview ever conducted: Should a presenter declare a […]

Here Are Some of the Best Tweets Roasting PwC for #EnvelopeGate

As we all know by now, the 89th Academy Awards didn’t go as planned for the dynamic duo in charge of guarding the Academy’s great secret. It’s not like PwC has had 82 chances to perfect the process since they first started counting the ballots. Oh wait, it’s exactly like that. As expected the Twitterati […]

pwc oscars 2018

And the Award For Worst Oscars Gaffe Goes To… PwC

In case you’ve been glued to the livestream of a giraffe not giving birth for the last two days, you may have missed the fuss surrounding PwC’s gaffe at the Academy Awards last night and subsequent fallout. The long and short of it is PwC handed Warren Beatty and Faye Dunaway the wrong envelopes, and […]

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Accounting News Roundup: PwC’s Oscars Flub | 02.27.17

Oops Well, in case you went to bed early last night, here’s what you missed: In what was surely the most shocking moment in Oscars history, Faye Dunaway announced the wrong winner for best picture at the end of the ceremony, awarding the trophy to “La La Land” when it actually was supposed to go […]

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Accounting News Roundup: More Litigation Fun for PwC and Tax Reform on Snapchat | 02.24.17

Litigation I’m sure when you’re a mega professional services firm like PwC, things like class-action litigation probably just start to feel normal after awhile. Last week we noted the firm’s pending trial with the bankruptcy trustee of MF Global and now we have this story from BloombergBNA that reports on more fun legal stuff: PricewaterhouseCoopers […]

Here’s What PwC US Chairman Tim Ryan Said About President Trump’s Immigrant Ban

In the first reaction from a Big 4 firm that we’ve seen, PwC US Chairman Tim Ryan has issued a statement on President Trump’s executive order that banned immigrants from seven countries. The statement appears on the firm’s PwC Inside Facebook page, is clear and carefully worded and stops short of explicitly opposing the ban. […]

You Can’t Blame That PwC #BallotBriefcase for Being a Germaphobe

I'm sure you've been wondering if PwC was going to revive its #BallotBriefcase gimmick for this year's Oscars and sure enough, it's getting passed around like a joint at a Dead show. Here's partner Brian Cullinan (aka Matt Damon) explaining the process: Excited for the #Oscars? @PwC_LLP showed us the #BallotBriefcase, which contains the names […]

PwC Is Hiring GE’s Tax Team

Well, this is something. PwC is hiring General Electric’s tax department: Excited to announce that we will be onboarding @generalelectric’s world-class #tax team to the PwC team. Read more: https://t.co/lejO2qFSbe pic.twitter.com/Agw2elGq72 — PwC LLP (@PwC_LLP) January 12, 2017 Yes, PwC is excited about it. Here’s a press release. Here’s a Medium post from Vice Chairman […]

Centenarian CPA Recalls a Time When PwC Wasn’t So Committed to Diversity

Here's a great story about Aaron Blecker, a 105-year-old Great Neck, New York resident who's had a pretty good run. And yep, he's an accountant.

PwC Has Had Enough Courtroom Fun

PwC is settling the lawsuit brought by the bankruptcy trustee of mortgage behemoth Taylor, Bean & Whitaker, putting speculation to rest that a verdict in the $5.5 billion lawsuit for the plaintiff could be the beginning of the end for the firm.

PwC Chairman Tim Ryan Is Probably a Scifi Nerd

My sole evidence for this claim is a tweet, obviously: Another Earth could be circling the star right next door to us! https://t.co/LAI0ODVsiI#ThursdayThought — Tim Ryan (@Timothy_F_Ryan) August 25, 2016          The New York Times  article         is worth a read if you're into that sort of thing. I happen to be, and my hunch is that […]

Bored PwC Auditor Bid Farewell to Colleagues With a Tedious Email

This is from last week, but it's still worthy of a mention since we don't get the deluge of long-winded, self-absorbed farewell emails like we used to. The Daily Mail reports that Oliver Alcock didn't take to life as a professional at PwC too well. He found the work boring and was relieved when he […]

Hopefully a PwC Employee Doesn’t Get in Trouble for Leaving Their Work Lying Around

Here's a doozy. The Pittsburgh Post-Gazette reports that PPG Industries may sell its flat glass business to Mexico-based Vitro, SAB de C.V. This according to "a document obtained by" the paper: A PPG spokesman this afternoon declined to comment on a possible sale, which is mentioned in an undated reference contained in a draft copy […]

Here’s Your Open Thread for PwC Compensation Discussions (2016)

June marks the beginning of compensation season and, as usual, we'll start with PwC. Will all the blood, sweat, tears and paper cuts you've endured for the last 12 months be worth it? Will the anticipation of reaching the salary figure you've fixated on for the past year become a reality? Will disappointment follow in […]

More PwC Partners Getting Fancy New Titles

Over the last week we've reported a lot on the haps inside PwC. There has been news of partner promotions, a straight talk committee and Tim Ryan's new casual wardrobe. This is all to be expected with the changes in leadership. Bob Moritz is moving up to the global chairmanship and he's taking a lot […]

PwC’s Tim Ryan Sought Sage Advice in Avoiding Dad Jeans

As we've witnessed, several accounting firms have granted their employees the privilege of wearing jeans to work. And if your firm hasn't jumped on the denim bandwagon by now, you probably feel like your dress code is something straight out of Mad Men. Now banks are taking a hint. On Friday, the Wall Street Journal […]

PwC US Admits 226 New Partners and Principals

For the last several years, we've enjoyed announcing the new PwC partners in these pages. We've always managed to spoil the surprise but this year, it seems that the firm has beat us to the punch, rolling out the 2016 class on their website along with headshots, market, home office and line of service. We […]

New PwC Chairman Forming ‘Straight Talk Committee’ to Give Him ‘Candid Feedback’

Yesterday in the roundup, we learned about PwC's new leadership team in the US. It consists of 20 (!) people, led by Tim Ryan who announced the news in a LinkedIn post. The post is obviously scrubbed for an external audience, which is why it's fun that a source dropped us the internal email from […]

PwC Jumps on Jeans Bandwagon

Last week, someone posted an Open Item requesting opinions about PwC's new dress code. Then yesterday a tipster dropped us a note about it and provided some visual evidence. It confirms the text posted from last week and gives us some further context: I love that someone at PwC insisted on italic type for stylish. […]

Ex-PwC Employee Was Looking for Training Documents When He Found LuxLeaks Files

Bloomberg reported yesterday that one of the ex-PwC employees responsible for LuxLeaks "was actually looking for training documents when he stumbled upon the files." That sounds less like a “quirk” and more like some idiot naming a folder: “HOW TO: MASSIVE INTERNATIONAL TAX AVOIDANCE.”     

PwC Selects Tim Ryan as New US Chairman

And because this is 2016, he tweeted it: Tremendously honored and humbled by the opportunity to lead this extraordinary firm. https://t.co/2zsrOwANYd #PwC — Tim Ryan (@Timothy_F_Ryan) April 12, 2016 Ryan replaces Bob Moritz who's going on to be PwC's global chairman. They both assume their new roles on July 1. I have to say, I'm […]

#TBT: PwC’s Letter to Presidential Candidate Mitt Romney About His Taxes

You may have heard that it's a presidential election year. And perhaps you've heard that one of the candidates is a carnival barker that spray tans with Krylon Pumpkin Orange. And maybe you've even heard that said carnival barker has not released his tax returns for public consumption despite decades of precedent. It's all good […]

PwC Trying New Gimmick for the Oscars

In case you hadn't heard, the nominees for this year's Academy Awards in the acting categories are even less diverse than the accounting profession. That's quite an accomplishment! I'll bet the Academy members wish they could blame PwC for this, but alas, the firm has been tabulating the ballots far too long; throwing them under […]

Accounting Firms Allowing Side Gigs: Good Idea or Independence Mine Field?

These days, you hear more and more about people juggling multiple projects at once. You know, a day job, the moonlighting gig, a passion project, the "I was just fucking around and it became a thing"1 thing, among others.  You would think that accounting firms, known for working people so hard that it renders them […]

PwC Wants to Be a Big Law Firm When It Grows Up

How big? According to PwC's legal services leader in Australia and Asia, a top 20 in the world will do: Tony O’Malley, Australia and Asia Pacific legal services leader, told AccountantsDaily the firm has clear global aspirations to establish itself as a top 20 international law firm. The firm’s legal growth strategy, implemented over the […]

Auditing’s Future: A Conversation With PwC’s Assurance Transformation Leader Bill Brennan

Auditing is a big deal in the accounting world, especially at Big 4 firms. While consulting and advisory services threaten to eclipse assurance as their chief revenue source, the fact remains that auditing remains the primary revenue stream for three of the Big 4 firms and serves as the foundation for all their reputations. But […]

Bob Moritz Has Your Back, Millennials

PwC chairman and senior partner Bob Moritz spoke at the Detroit Economic Club yesterday and his message was simple: stop hating on Millennials. Sure, some of them might appear to be shiftless narcissists wielding selfie sticks while texting and driving, but maybe it's because you've been judging them from a distance: “If you engage your […]

Do PwC Employees Really Like the New Student Loan Perk?

In its quest to recruit all the Millennials, PwC recently announced that it will pay $100 a month on its staff's student loans for up to 6 years. If you're wondering what the reaction has been, the firm's Vice Chairman of Client Services, Robert Gittings, told Fox Business that, “Since announcing it internally last week, […]

PwC Wants All Your Millennials

Well, we better talk about this PwC loan assistance thing, hadn't we? For starters, it's a pretty unique perk. The Washington Post reports that only 3% of companies offer loan repayment, citing a survey from the Society for Human Resource Management. It's typically used to attract a particular type of employee such as teachers or […]

Here’s a Guy Wearing a PwC T-Shirt Giving Weird Street Massages

There's nothing else to really say here other than the guy in the black fleece seems to be enjoying this a little too much while his pal looks unsure about the whole thing. This video is from March but hopefully the guy with the magic noogies is still around. He could do wonders for anyone […]

(UPDATE) PwC Madness at Madison Square Garden

28 teams down to the final 2. #PwC Championship #Basketball game is tomorrow at Madison Square Garden! @TheGarden — Tim Ryan (@Timothy_F_Ryan) September 1, 2015     UPDATE  : The victors look decent enough to take on the Knicks.  Congrats to the #PwC Assurance team – the official PwC basketball champs! @TheGarden pic.twitter.com/vPf48zSlWA — PwC LLP (@PwC_LLP) September […]

Can an Accounting Firm Be a ‘Guilt-Free Zone’?

As we all know, Millennials mystify their older, non-Millennial co-workers. Their common refrain of questions range from, "Why are Millennials entitled?" to "Why do Millennials need constant feedback?" to "Why do Millennials want to work at a Parisian coffee shop 3 days a week?" to "What's with all the sexting?" Despite the confusion, employers still […]

Apparently PwC Is Not Its (Big) Brothers (Big Sisters) Keeper

Recently, the Department of Justice narced out PwC to the AICPA’s Professional Ethics Division for acts discreditable to the profession.1 The DOJ claims that PwC did not follow the standards and provisions required for federal audits during its 2011 audit of Big Brothers Big Sisters of America (BBBSA), and not following audit standards constitutes an […]

PwC Out of the Running for This Year’s “Worst Performance By a Big 4 Audit Firm”

The PCAOB, bless their hearts, released a forgettable inspection report from PwC today. The deficiency rate, 29%, is still in the range we're used to, but was lower than last year, so that's something. Michael Rapoport reports that this deficiency rate is better than EY's (36%) but not as good as Deloitte's (21%) and that […]

Bonus Watch: Campbell v. PricewaterhouseCoopers Plaintiffs

A tipster wrote us earlier today: FYI, the wage settlement checks arrived. […] All of these years of waiting has led to me being paid pennies on the dollar… Yet again PwC finds a way to stick it to me. And we've seen the check! We agreed to not publish it to protect our tipster's […]

Here’s Your Open Thread for PwC Compensation Discussions (2015)

Oh, look, it's mid-June. Busy season is over and compensation season is here. Yes, it's time to find out which of you have been justly rewarded for your efforts and which of you are feeling like an untipped bathroom attendant. PwC is always the pacesetter in comp discussion season and we appreciate their consistency, as […]

Clinton Foundation Could Be PwC’s Enron, Says Guy

If you need a good laugh today, I invite you to read this post from WND about how the Clinton Foundation's financial troubles could bring down PwC. It's a hoot. A respected Wall Street analyst who has been investigating the Clinton Foundation’s finances alleges the “Big Four” accounting firm PricewaterhouseCoopers was a willing participant in […]

Here’s the PwC Partner Class of 2015

Well, this is exciting. The list of new PwC partners fell into our lap earlier today and now we're sharing it with you. They all officially join the partnership on July 1, the firm's New Year's Day. There are 201 partners in the 2015 class, one of the largest ever. The firm named 180 last […]

Bob Moritz Ready to Rock the Mic

Looking forward to engaging with my #PwC colleagues in Philly today at our Town Hall meeting at 2 pm EDT! #pwcphilly — Bob Moritz (@Bob_Moritz) May 14, 2015 Also, there seems to be a welcome committee of sorts: Excited to be with the great people of @PhilaPwC for our national "town hall" with @Bob_Moritz #pwcphilly […]

PwC Still Prestigiousiest, Diversiest, Bestest Accounting Firm

Jump for joy, it's time for the Vault Accounting 50, people.

If you're not up-to-date on your accounting profession rankings, this is the one that curates feedback from accounting professionals on accounting firms in a variety of areas including prestige, culture, empty work/life balance initiatives, tchotchkes, CEO sex appeal, etc. They have a full breakdown of the Vault Accounting 50 secret sauce if you're into that sort of thing.

Can Someone Get a Message to the Awesome Shoe Shine Guy at LaGuardia That PwC Wants To Interview Him?

PwC Vice Chairman of Markets, Strategy something something something Tim Ryan wrote a post over at LinkedIn about finding talent in unexpected places. The gist being you can might potential capital market servants in strange places like Subway; Ryan has already let his local sandwich artist/proprietor know that he can interview with the firm at any […]

PwC Chairman in Russia to Thaw Cold War Tensions or Something

The Gazprom headquarters hosted today a working meeting between Alexey Miller, Chairman of the Company's Management Committee and Dennis Nally, Chairman of PricewaterhouseCoopers International Limited. The parties looked at the issues of rendering information and consultancy services to Gazprom in various sectors of business development. Special consideration was given to applying advanced IT solutions to improve […]

PwC Disappointed That Former Partners Going to Jail for Satyam Fraud

An addendum to the Bloomberg article on the Satyam executives' sentencing we linked to earlier: the former PwC partners involved, S. Gopalakrishnan and Srinivas Talluri, were in the group of ten that were found guilty and sentenced to 7 years in prison as well. PwC is a little sad about this outcome: "As we have said many […]

The Aftermath of the Ex-PwC Employee Who Got Fired After a Dispute with Comcast Is About What You’d Expect

Last October we learned that a PwC fired an employee named Canal O'Rourke for violating the firm's "ethics standards." This violation came about after O'Rourke became understandably agitated over his Comcast bill and the company's failure to rectify the situation. BEEN THERE. At some point, Mr. O'Rourke reached Comcast's Chief Accounting Officer, Larry Salva. O'Rourke started […]

PwC Gave Former Ways & Means Chairman Dave Camp a Job

All that work Dave Camp put into his tax reform plan did not go unnoticed. Oh sure, human carrot John Boehner didn't get too excited about it, but PwC was impressed enough that they hired Camp as a senior policy advisor in their Washington National Tax Services practice. Here are Bob Moritz and Mark Mendola saying […]

Let’s Relish the City of Los Angeles and PwC Blaming Each Other Over a Massively Screwed Up Billing System

On one side, Los Angeles, the second largest city in the U.S. One the other, PricewaterhouseCoopers, the second largest professional services firm in the world.  Each a behemoth in their respective species, yet, neither especially likeable, what with L.A.'s traffic and PwC's corporate platitudes. So it is with great amusement that I share with you […]

PwC Concludes Female Millennials Are Great For Vague, Pointless Research

Another day, another study, and this time it's yet again one of accounting firms' favorite target: the misunderstood Millennial. And female ones at that, oh boy! I bet this research is going to be compelling and fascinating and show us so much we don't already know about this misunderstood yet massive chunk of the workforce. […]