June 22, 2018

PwC

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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]