October 23, 2018

PwC

#TBT: In Case You Hadn’t Heard, PwC Has Been Counting Oscar Ballots for Awhile

Did you know? Harold Brewster was 1st #PwC balloting leader 1935-41 (seated, left) http://t.co/vXVGPTRFPk #Oscars pic.twitter.com/IH3bmd8A52 — PwC Industry/Geo PR (@PwCIndustryPR) February 12, 2015

Let’s Catch This PwC Partner Up on the Fun Stuff She Missed Over the Last 20 Years

At least she did not miss out on the iconic 1992 film Encino Man.

(UPDATE) There’s a Settlement in the Works for the Big Overtime Suit Against PwC in California

The last update on Campbell v PricewaterhouseCoopers we had for you was back in May of last year, when the trial date was predictably changed (again), pushing the festivities off until March of this year. Well, we're happy to tell you we have a little news. It seems both sides were able to "work things […]

PwC Study: Millennial Women Find Companies Better at Paying Lip Service to Diversity Than Delivering It

As we're about to learn in the following tweet, sometimes expectations don't meet with reality.   Is #diversity important to you? Join our #femalemillennial study to have your say: http://t.co/83WL88ixX6 #PwC pic.twitter.com/xXQ0urM60N — PwC LLP (@PwC_LLP) January 26, 2015   The way they phrase the infographic, one might assume respondents overwhelmingly chose diversity and inclusion […]

PwC Is Taking a Break

With the holidays fast approaching, what better way to celebrate the season than with a humblebragging press release about how you will be doing the right thing and giving your people a little much-needed time off: PwC is shutting down the firm between Christmas and the new year. Our gift of guilt-free downtime is more […]

PwC’s Bob Moritz Is Feeling Generous, Gives Us This Selfie

Has anyone seen that picture of Bill Gates going around Facebook that says he'll give a bunch of money to every dipshit who shares it? Yeah, it's fake. It's actually based on a piece of paper he held up for his Reddit AMA and of course the Internet jumped all over that and Photoshopped different […]

PwC Partner Was Not About to Let Some Petty Glassdoor Reviews Ruin His Thanksgiving

Like Yelp, reviews on Glassdoor can be either highly informative or terribly useless. No matter what is said, it’s usually in the best interest of TPTB to ignore the negative reviews and move on, knowing in their hearts that you can’t please all the people all the time.

PwC Gives Up a $7 Million Audit Over a $105k Independence Conflict

Remember, kids, to check your independence at the door: Logitech International (LOGI) (SIX: LOGN) (Nasdaq: LOGI) today announced a delay in the filing of its Quarterly Report on Form 10-Q for the quarter ended Sept. 30, 2014. As previously disclosed, Logitechs Audit Committee, with the assistance of independent advisors, conducted an independent investigation of certain […]

This Cartoon Video Explaining the Luxembourg Tax Schemes Is Perfect

Share it with the kids! Is it me or does the accountant bear a striking resemblance to Bob Moritz? I'm sure it's just a coincidence.  [YouTube, Earlier]

PwC’s Tax Work in Luxembourg Is Getting Some Unwanted Attention

There's nothing quite like an enormous international corporate tax scheme, am I right?   Sure, there are no shoot-outs or car chases, but that's the beauty of it — it's a heist that's not technically a heist and the villains aren't sociopaths, they're just bureaucrats and accountants with families and paychecks just doing their day […]

Deloitte Wasn’t About to Let PwC Announce a Partnership With Some Flashy Tech Company and Get Away With It

Today at Dell World, Dell and Deloitte announced a set of solutions focused on solving two specific technology challenges: helping companies better manage, scale and secure their IT infrastructure to enable effective customer experiences, and delivering improved patient outcomes in healthcare through better use of transformational technology and automation. The two industry leaders intend to […]

Fired PwC Employee Is Suing Comcast But Not to Get His Job Back

Conal O'Rourke will not go quietly into that dark night without a fight, folks, he just wants you to know that. In case Comcast wasn't aware of that fact, he has filed a lawsuit. Gawker has the story: Conal O'Rourke is going after Comcast and its controller, Lawrence Salva, for defamation, and arguing the company […]

PwC’s Bob Moritz Thinks Millennials Ask Way Too Many Questions

Back in BoMo’s day, you didn’t ask questions.

Comcast: Let It Be Known That We Did Not Ask PwC to Fire That Guy

Here's the latest from the Comcast/PwC dogpile on Conal O'Rourke — Charlie Herrin, Senior Vice President, Customer Experience at Comcast wrote a brief blog post today apologizing to him:  What happened with Mr. O’Rourke's service is completely unacceptable.  Despite our attempts to address Mr. O’Rourke’s issues, we simply dropped the ball and did not make […]

PwC Presents: A Day in the Life of a PwC Audit

Well, this video has one thing going for it, in that it isn't nearly as awkward as Deloitte's cringeworthy Homo Deloittus. Note we said "nearly." The soft voices remind me of the soon-to-be-abandoned young girls of MTV's 16 and Pregnant, who speak softly for fear they might scare away their irresponsible baby daddies (who are […]

This PwC Senior Associate Slash Makeup Artist Has a Way More Flexible Job Than You

Note to the uninitiated: don't think you're going to get away with what this lady gets away with, that just isn't how the world works. In Great Expectations: Millennials, Motherhood and Money on U.S. News, we meet Kristin Selvaggio​, a senior associate at PwC with an interesting side business that doesn't involve doing tax returns […]

This PwC Job Listing Gives Just a Little Too Much Information

So you're a skilled international tax person looking for a new gig. You come across this job posting on LinkedIn and find it interesting: Are you interested in the opportunity to work for an industry-leading firm that services clients that include the Fortune 500, and will give you the experience and exposure you need to […]

Judge Rules PwC Will Face MF Global Lawsuit Whether PwC Likes It Or Not

Last we checked in on the ongoing MF Global v PwC drama that is currently working its way through the U.S. District Court, Southern District New York, Judge Marrero took a long piss all over PwC's in pari delicto excuse. In his decision today, Judge Marrero held: “It is plausible to conclude that PwC’s accounting […]

New York Regulator Didn’t Find Statements by Supposed Objective PwC Director to Be All That Objective

Yesterday, we saw quite a bit of coverage on New York's Department of Financial Services throwing the book — albeit a comic book — at PwC for writing a mealy-mouthed report on Bank of Tokyo-Mitsubishi's violation of anti-money laundering laws. The firm's regulatory advisory unit will cough up $25 million and will forgo any new […]

Unfounded Rumor of the Day: Porn Floating Around PwC’s Internal Instant Messaging Service

Have you ever trash talked in IM at work? Have you ever been paranoid enough about it that you asked Reddit if they have ever trash talked in IM and gotten in trouble for it? This guy did. "I feel like I have no filter when I get on sametime," he said. Surely you all […]

One PwC Manager Learned Abusing Your Expenses Might Get You Thrown Out of the Club

Note this happened over the pond. Things might be different over here, but probably not.

Certain People on the PwC San Jose Tax Team Not Happy About This Hoteling Business

For those of you who don't know, hoteling is a fancy word for working like some kind of homeless drifter. In other words, you function unfettered by the pesky material chains of deskhood and experience the freedom of rotating workspace in neat 24 hour increments. And PwC's San Jose office is leading the trend. Here's […]

PwC Is Trying to Get Some Color Up in This Mofo

A special program developed by employees at the accounting firm PricewaterhouseCoopers LLP and the nonprofit Diversity Awareness Partnership is teaching youngsters that careers in finance are not strictly for geeks whose work attire consists of starched white shirts and pocket protectors loaded with No. 2 pencils. The EXPLORE Career Immersion program in accounting began two […]

Dennis Nally Would Like Everyone to Remember That Auditing Is Still Important to PwC

They say those who cannot remember the past are condemned to repeat it. For accounting firms, it's more like condemned only if the regulators catch on. As we all know, the trend toward combining audit, tax, and consulting services was totes kosher up until the E-word happened, when consultauditors went scattering like cockroaches in the […]

PwC Defends Itself Against “Baseless” MF Global Suit Using MF Global’s Own Stupidity

PwC was recently dealt a blow when U.S. District Judge Victor Marrero stated: “[u]nder PwC’s reasoning, the in pari delicto doctrine would insulate an auditor from liability whenever a company pursues a failed investment strategy after receiving wrongful advice from an accountant. Such a broad reading of the doctrine would effectively put an end to […]

Judge Shoots Down PwC’s In Pari Delicto Excuse to Weasel Out of MF Global Suit

The part you need to know about District Judge Marrero's decision in MF Global v PwC yesterday: Judge Victor Marrero held: “[u]nder PwC’s reasoning, the in pari delicto doctrine would insulate an auditor from liability whenever a company pursues a failed investment strategy after receiving wrongful advice from an accountant. Such a broad reading of […]

Some Europeans Told the European Commission to Fire PwC Over Conflict of Interest

Over in Europe, PwC has won a €395,000 contract to come up with a report on the impact of country-by-country reporting, which basically forces multinationals to break out reporting by country versus "Europe" or "the Americas." Public country by country reporting for EU banks would include data from banks regarding their turnover, staff numbers, taxes […]

PwC Auditor Retiring at 26 to Follow His Passion for Sports (and an MBA) Left a Farewell Press Release

Perhaps it is not a coincidence that the bro who abandoned his Deloitte bros for KPMG and the following bro from PwC both work in the Washington Metro; sports-themed farewells may officially be a thing now. Whether or not it's a trend, it sure beats past farewell emails we've seen that go on for days […]

FLASH: Male Big 4 Chairman Cannot Entirely Relate to the Experience of a Working Pregnant Woman

I couldn’t entirely relate to Valerie Jarrett’s story detailing the discomforts of being nearly nine months pregnant and stuck working at an uncomfortable conference table until 2 a.m. But, like her, I do clearly remember the stress of trying to make it home in time for activities with my children when they were little. Valerie, […]

Promotion Watch ’14: PwC’s Plan to Fast Track Assurance Associates to Senior Mid-Year

PwC has the cattle prod out to encourage ambitious assurance staff associates with some experience to skip the three year path to senior and take advantage of mid-year promotions. Let's check out the email that went around: While we continue to anticipate staff who are progressing as expected will be on a 3 year course […]

PwC Can’t Make Up Its Mind on a Global Sick Leave Policy

ICYMI, PwC US Chairman Bob Moritz was in Washington today talking about flexibility and diversity and the importance of trustworthy fonts in autumnal color schemes at the White House Summit on Working Families (I made that last one up, obvs). On his panel, this happened: Bob Moritz, chairman of PriceWaterhouseCoopers: when we switched to unlimited […]

Is PwC’s London Office Using Spikes to Keep the Homeless Away?

Chances are you've already seen this photo floating around, perhaps your aunt shared it on Facebook and all her friends piled on with varying opinions from "that's immoral" to "well if I pay that much to live in a nice building, I expect there not to be urine-stained vagrants sleeping in the entryway." OUTRAGE! I […]

Promotion Watch ’14: PwC Admits 180 New Partners

It must be that time of year, as the smell of fresh partners is in the air! First, BDO announced 24 new partners and now, we've got our hands on the list of all 180 new partners that were admitted today at PwC, effective July 1. You will note PwC is nothing but timely, as […]

PwC Didn’t Want to Leave Anyone Out of This Selfie, But Did Anyway

The PwC crew got together for a US town hall in LA, and this happened: We didn't want to leave anyone out… here's the #PwC team squeezing in for our #pwcselfie. pic.twitter.com/dRdj8UAMUC — PwC LLP (@PwC_LLP) May 15, 2014 I know what you're thinking. Adrienne, this isn't a selfie, it's someone taking a picture of […]

The Trial Date for PwC’s California Hour and Wage Lawsuit Has Changed (Again)

We're sure you have been anxiously awaiting news on Campbell v PricewaterhouseCoopers and boy are we thrilled to give you some. No, the parties haven't settled. No, the original judge did not resign due to a scandal involving a PwC intern mistress (he retired, actually). And no, Jason Campbell hasn't been wacked mafia-style to make […]

PwC Issues New Offers to New Hires, Now With Bonus Mandatory Arbitration

Remember back in March when we discussed PwC's recent attempt at corralling its staff into arbitration agreements? You'll recall a PwC spokesperson told us then it was "noncontroversial," which is code for "don't even worry about it, guys, companies do this all the time." In this case, PwC told current staff that not agreeing to […]

PwC Tops Vault Rankings Once Again For Prestige, Conceit

Vault has been teasing us for weeks with the promise of their annual Accounting 50. It's finally here, and we'll get to that in a minute but before we delve into the full ranking, let's celebrate #1 PwC once again: Not only did New York-headquartered PwC again rank No. 1 in the Accounting 50 (and thus […]

This PwC Quote Regarding Caterpillar’s Tax Dodging Will Make You Outraged

“What the heck. We’ll all be retired when this audit comes up on audit.”

EXCLUSIVE: Which Big 4 Big Shot Just Stepped Down With the Greatest Farewell Email?

Forgive us for running this before we've had an opportunity to confirm, we're waiting for a call back from our press contact but in the meantime, so many of you have sent this in that we're pretty confident this is anything but a joke. How did this happen?! More important, what just happened?! From: Robert […]

(UPDATE) PwC Figured Employees Won’t Need to Sue Them Anyway

We received an item of great importance to some of you in the tip box, those of you impacted by this news out of PwC should already be aware of it but everyone else, read on: The Office of General CounselPricewaterhouseCoopers LLPMarch 31, 2014 We are writing to inform you of an important legal agreement […]

PwC Sued for $1 Billion Over MFGlobal; Accused of ‘Erroneous’ Advice

Well it's a good thing we didn't check out early and head to the bar tonight, the ish just hit the proverbial fan for PwC: The administrator of MF Global Holdings Ltd's bankruptcy plan on Friday sued the auditor PricewaterhouseCoopers for at least $1 billion over its advice on a $6.3 billion European sovereign debt […]

Per Criminal, PwC is Preferred Audit Firm for Criminals

Our favorite 1980s felon, Sam "The Ham" Antar has given his enthusiastic endorsement to every fraudster's favorite audit firm:   Tip for Fraudsters: Every criminal mastermind loves to hire PwC pic.twitter.com/CeinNT9w1C — Sam E. Antar (@SamAntar) March 28, 2014 Hey Sam, can you grab us one of those Koozies? Thanks, guy!

PwC Celebrates Global Diversity Week With a Talk Amongst Themselves About Diversity

Those of you who could not possibly care less about diversity can disregard the following. Those of you who enjoy mocking the ridiculousness of "diversity initiatives" are invited to read on: At the beginning of the year we shared that we had a lot of exciting diversity activities planned for 2014 and I am thrilled […]

PwC Competing Against Shaving, Toys and Delicious Food for Guinness World Record Award

Did you know PwC is a Guinness World Record holder? No, not for most coffees fetched by an intern. Rewind back to September of last year: Today, PwC US partners and staff throughout Southern California, Arizona and Nevada came together with thousands of local students and community organizations Playworks and Junior Achievement, to set the […]

Caption Contest Tuesday: It’s Beginning to Look Like BoMo Has Lost His Mojo

First, BoMo was totally dissed at this year's Oscars after being dissed by Michelle Obama IRL last year. That's fine, though, maybe he was busy and had stuff to do that night. But now, not even interns want to hang out with him. Could these two look any more disinterested? I'll kick this off: "Cool […]

The Real Loser at the Oscars This Year Was PwC

Yeah yeah, we're a little late talking about the Oscars but we wanted to let everyone get the noteworthy stuff out of the way first — the Ellen selfie, old lady hating, and of course John Travolta's name butchering (not coincidentally, I ran Colin's name through the Slate generator and it came out Colin) — […]

Caption This: PwC Reminds You It’s Almost Time for the Academy Awards Again

PwC celebrates its 80th year protecting the integrity of awards markets this year, and while the Oscars are a few weeks off, they're already firing up the ole PR machine to get us excited. Like pulling this one out of the archive to slap up on Pinterest: Remember: only TWO people in the entire world […]

Big 4 Dude Says Dudes at His Firm Rewarded For Treating Non-Dudes Like Dudes

I love that the ridiculousness of "gender equality" and "diversity" as trendy buzzwords to say rather than the right thing to do is summed up so perfectly in this one tweet: At @PwC_LLP, Bob Moritz shares that men are rewarded for embracing diversity and gender equality. #MAKERS2014 — MAKERS (@MAKERSwomen) February 11, 2014 Let's all […]

PwC Will Probably Be the First Accounting Firm to Replace Interns With Robots

It sounds crazy now but just think, not that long ago we carried around shiny discs with only a dozen songs crammed on each one and would have thought you were nuts if you told us one day, you will have the entire Internet in your pocket and mostly use this technology to post filtered […]

PwC Doing Its Part to Keep Dog Tails Wagging in Northeast Ohio

The Cleveland Cavaliers and PwC US have teamed up to make the Northeast Ohio community greener by launching the "Trees for Threes” program. As part of their commitment to sustainability and the environment, the Cavs and PwC have pledged to plant one tree for every three pointer the Cavs make during regular season home games. In […]

Where Will PwC Be on Campus This Year? Glad You Asked!

Check this out, guys. PwC has a whole calendar of events so you can make sure not to miss them. Plan accordingly, children: Here's just a taste I could screenshot (even with a 15" MacBook I couldn't get it all OMG PwC OBVS YOU HAVE THE MOST STUFF GOING ON): With dropdowns! And colors! Holy […]

PwC Won’t Stop Beliebin’ In Ugly Christmas Sweaters

Note: they are Canadian, if that makes a difference. #uglysweater pizza party over at PwC Place! Looking good @AdamWChapman #justinbieber pic.twitter.com/cznPWoq5s6 — Helen Cheng (@hellohelencheng) December 20, 2013 I'm going to go ahead and say this is awesome unless someone else would like to disagree.

Short Sellers, Moms, Son of God, all Credited with Encouraging PwC’s Vigorous Audit of Herbalife

For an analyst, it doesn't seem this guy understands how audits work: In the wake of Herbalife's clean bill of health from its new auditors, one of the company’s most bullish analysts is taking a victory lap. “We’d like to thank Mom, Jesus, and the short sellers,” D.A. Davidson analyst Tim Ramey wrote to clients […]

Failed PwC Auditor Finds Success in Burning Bridges With This Ridiculous Farewell Email

In the history of this website, we have posted many farewell emails; the dramatic, the sad, the ridiculously long-winded. Of those, there is just no category for what follows. This person obviously isn’t cut out for the job, but if success in auditing were based solely on the craziness of the email you send your […]

Are Booz Consultants Hoping to Get Poached Ahead of the PwC Deal?

Apparently, some folks at Booz are busy little bees on LinkedIn: Booz & Company management consultants have rushed to update their resumes and LinkedIn profiles after a proposed takeover by big four accounting firm PwC was announced last Thursday. It has raised concerns about how much talent and inherent value will evacuate the $80 million domestic […]

PwC Takes to Craigslist To Fill a Busy Season Senior Associate Position

Running low on new recruits, are we? Here's your intro: PwC Busy Season Senior Associate Auditor (financial district) Are you interested in the opportunity to work for an industry-leading firm that services clients that include the Fortune 500, and will give you the experience and exposure you need to build your career and personal brand? […]

Before You Ask, PwC and Booz & Co Are Ironing Out the Kinks As We Speak So Just Chill

The news, in case you missed it this morning: PricewaterhouseCoopers said on Wednesday that it had agreed to buy the consulting firm Booz & Company, bolstering its advisory business. Financial terms of the transaction were not disclosed, though Booz & Company is expected to be PricewaterhouseCoopers’s biggest acquisition in several years. Still, the union of […]

PwC Partner Who Built a Career Out of Making Ireland a Tax Haven Could Fix Everything Over Lunch, FYI

Over at Bloomberg, Jesse Drucker has a lengthy profile of PwC Partner Feargal O'Rourke, the head of the firm's tax practice in Ireland. As you know, Ireland figures quite prominently into tax planning strategies for companies like Google, Facebook, Twitter, Microsoft, Apple and untold others who solemnly swear that they're in full compliance with the tax law.  […]

Herbalife Director Confident in PwC’s Audit; Others, Not So Much

This is fun. Here's what Herbalife Director Jeff Dunn, who's not a member of the company's audit committee, told Bloomberg about the current state of the re-audits: “I have nothing that suggests anything’s going to come out of the audit,” Dunn said yesterday in a telephone interview. “We view it as an opportunity because now […]

Bob Moritz Will Not Be Buying Elections Until Politicians Can Play Nice

As Francine McKenna pointed out, this was an oddly public way for BoMo to express his disappointment in Congress: When “New Day” Anchor Chris Cuomo asked PricewaterhouseCoopers Chairman Robert Moritz if his company and other CEOs will withhold donations to lawmakers who do not fix the stalemate over the government shutdown and debt ceiling, he […]

Ex-PwC Employee Discovers Just How Limiting a Career-Limiting Move Supporting Terrorism Can Be

Have you been entertaining the thought of giving the spreadsheets a rest and offering your support to a known terrorist organization? For those with their hands up, you might like to know that ex-PwC senior manager Sabirhan Hasanoff opted for this route and it has not gone so well. He was found guilty last June of supporting al-Qaida […]

PwC Sets Record for Largest Simultaneous ‘Suze Orman for Kids’ Session

On Tuesday, a bunch of PwC partners and staff in Southern California, Arizona, and Nevada attempted to hold the attention of third, fourth, and fifth graders with the topic of personal money management. There were so many P. Dubbers involved in fact, that it set a GUINNESS WORLD RECORDS title for "The Largest Simultaneous Financial […]

PwC Acquired an Interactive Marketing Company Because Why the Hell Not?

This lede from the South Florida Business Journal says it all: The growing array of services provided by major accounting firms is being highlighted by PWC's acquisition of BGT Partners, one of South Florida's top interactive marketing companies.  I mean, why wouldn't an accounting firm want an interactive marketing company? It has a nice buzz, […]

PwC Helping Blackberry Stay as Comfortable as Possible

Cutting 40% of your workforce is certainly a sign that the end is near and now this report from Bloomberg has PwC on the scene to guide the company into the afterlife:  BlackBerry Ltd. (BB), the struggling Canadian smartphone maker, has hired accounting firm PricewaterhouseCoopers LLP to evaluate the company for potential buyers, according to two […]

A PwC Lawyer Who Recently Left the Firm Is Missing in China

Ugh. This doesn't sound good. An in-house lawyer for PwC has gone missing in China. Steve Leavenworth is American but has lived China for 17 years, according to the Telegraph. He recently left PwC after 15 years and was on a solo backpacking trip through Yunnan province when the bus he was believed to be on […]

The Most Interesting Part of This Interview with PwC’s Bob Moritz Is When He Built Trust By Getting His Ass Kicked

It's intriguing that when interviewed by the New York Times, PwC's Bob Moritz (a.k.a. BoMo a.k.a. Adrienne's man crush) chose to highlight the fact that he learned all about diversity when he spent time in Japan and got his ass kicked. Unless you're having a particularly slow day, you can pretty much skip this interview […]

PwC Partner Offers Perfectly Good Explanation for Driving Like a Maniac

The following story out of Europe reads more like an SAT question about two trains approaching a station from different directions at different speeds than a tale of a speeding partner who apparently suffers from one of the most first worldly first world problems in history: Colin Brereton, 53, was clocked speeding at 94mph as […]

PwC and KPMG Inspection Reports Make Us Wonder: Are Shoddy Big 4 Audits Here to Stay?

Have we mentioned how much we enjoy the PCAOB releasing inspection reports and/or making big announcements the week leading up to a major holiday? No? Oh yes, it's right up there with root canals and saddle sores. But it's their labor of love so we'll share the news with you. Today, the Board released the 2012 […]

Hiring Watch: PwC Boston

~ Update below includes a few more specifics provided by a PwC spokesman.  What's this? A report about an accounting firm moving into a larger office space and hiring more professionals and NOT some insufferable trend piece about people studying for an exam at the beach? Incredible! Yes, in this little blurb from the Boston Globe about […]

HSBC Dumping KPMG for PwC as Auditor

Alright, alright, alright. We knew this was possible. Let's try to keep things civil. HSBC Holdings Plc (HSBA), Europe’s largest bank, appointed PricewaterhouseCoopers LLP as auditor, dropping KPMG LLP after more than two decades. PwC will audit the 2015 fiscal year for the lender, subject to approval from shareholders at the bank’s annual meeting in May, […]

Unilever CFO Tries to Let PwC Go Gently

Jean-Marc Huet, the company's chief financial officer, said: "Our business is very large in scale and reach, with operations in over a hundred countries. "The challenge that this poses for our auditors has been successfully met by PricewaterhouseCoopers over many years and we have always been impressed with the rigour and quality of their audit. "However, given […]

Get to Know Your New PwC Overlords

As we told you last week, PwC Assurance Leader Tim Ryan (the nicest guy at PwC, we're told) was taking a new role at the firm as the Markets, Strategy, and Stakeholders Leader. Or PWCMSSL, if you like. Today, PwC formally announced TR's new position as well as a few others with some hearty words from […]

PwC’s Head of Assurance Is Gonna Try Something New

Tim Ryan, who has led PwC's Assurance practice for the last four years is taking on a new role in firm as US Markets, Strategy, and Stakeholders Leader and Vin Colman, the East Region Vice Chair will take his place.    We obtained a copy of the email Mr. Ryan sent to PwC Assurance staff […]

PwC’s Failure to Install Biking Workstations in Its New Portland Office Is an Abomination

Of course "meet[ing] the needs of nursing women, and interactive cafes with lounge areas" is nice, but what good does a walking workstation do for the average Portland P. Dubber, I ask you? Why don't you just ask them to use paper ledgers and typewriters?! Sure, that'd be wonderfully ironic, but even Portlandians have their […]

The Trial Date Has Been Set in the Big Wage and Hour Lawsuit Against PwC

Ever since Going Concern was launched in 2009, we've been following Campbell v. PricewaterhouseCoopers, the wage and hour lawsuit brought by audit associates in California. It's one of many suits floating around in the legal system but Campbell has slowly progressed through the courts, including arguments before the 9th Circuit Court of Appeals on whether PwC could […]

Why Yes, PwC Compensation Discussions Are Still Going On

It's week two of discussions at Papa Whiskey Charlie, so if you're looking for that compensation thread, let me point you in this direction. You're welcome.

PwC Not Sticking Around to See If Stein Mart Can Fix the Rest of Its Lousy Internal Controls

Here's the opening paragraph from a press release released by Stein Mart today: Stein Mart, Inc. (Nasdaq:SMRT) today announced that in connection with a review of the Company's auditor relationship, on June 6, 2013, a request for proposal was sent to several national accounting firms, including PricewaterhouseCoopers LLP (PwC). On June 11, 2013, PwC informed […]

Here’s Your Open Thread for PwC Compensation Discussions (2013)

Historically, the PwC thread has been the first to hit the pages of GC and this year is no different. There was rumbling in our new feature, Open Items, on Friday that the webcast was nothing to write home about and then, very early this morning, we got word of discussions starting out west:

Those Walking Workstations Aren’t Collecting Dust at Just Big PwC Offices

Nope! They're good enough for central Pennsylvania, too. The Harrisburg office only has about 60 people, but they are pulling up the stakes at Market Street, and getting brand new 6,300 square-foot home.  The office will include media sharing technologies embedded in collaborative areas, as well as an interactive cafe and walk station to encourage […]

What’s in a (Big 4 Partner’s) Name? Maybe a Lot

On Friday, Francine McKenna provided a perfect example of what investors could learn about the audit partners for public companies should the PCAOB start requiring the naming of names.  Francine, through her sources, was able to confirm that Linda McGowan was the partner for MF Global — something widely known amongst regulators, and lawyers involved […]

Note: Condescending Negotiation Tactics Are Not Well Received By PwC

Never one to shy away from an opportunity to condemn the actions of any government agency, the Wall Street Journal Opinion Page came to a rousing defense of PwC, who is taking a bit of heat from the Equal Employment Opportunity Commission over their mandatory retirement age. The story starts in May 2010, when the […]

(UPDATE) Promotion Watch ’13: New PwC Partners

~ UPDATE: Full list of new partners included on third page.   Partner promotion season is hitting its stride, people. After learning of Ernst & Young’s new class in the Americas last week, we’re happy to report that PwC’s class was announced internally on Friday, with public announcements being left up to the local offices. […]

(UPDATE) In Becoming Herbalife’s Auditor, PwC Does a Dicey Independence Dance

~ See update below It seems fitting that PwC would replace KPMG as Herbalife's auditor, doesn't it?  On May 21, 2013, the Audit Committee of the Company’s Board of Directors engaged PricewaterhouseCoopers LLP (“PwC”) to serve as its new independent registered public accounting firm to audit the Company’s financial statements for its fiscal year ending […]

PwC’s New Report Is a Good Reminder Not to be a Tool on Social Media

Now that the SEC has given public companies the go ahead to tweet material info to investors, it's an easy assumption that many interested parties will be stalking social media more than ever. So those of you tweeting about clients, Instagramming audit rooms and "accidentally" Facebooking confidential information, consider yourselves on notice. CFO.com had an […]

PwC’s Transparency Gives Its Employees the Warm Fuzzies

Yesterday we discussed the Vault business outlook rankings for public accounting firms. In general, I thought that mid-tier firms have a sunnier horizon than the Big 4 firms, with the obvious exception of PwC. That exception seemed odd to me, so I shot a question over to Derek Loosvelt who did the write-up on the Accounting […]

According to Obvious PwC Survey, Millennials Want To Barely Work From Home, If At All

If I have to read ONE more of these, I am going to scream. Here's the latest from PwC: A new report released today, PwC's NextGen: A global generational study, reveals that enhancing workplace flexibility and equity between work and home is one of the keys to improving job satisfaction among Millennials. According to the […]

PwC Tops Vault Accounting 50 (2014)

After a couple of interesting teasers on LGBT relations and satisfaction among women, our friends at Vault have unveiled their Accounting 50 ranking today. The results will probably annoy many of you because, yes, PwC topped the three big categories in Vault's 2014 rankings — Overall Ranking, Prestige, and Diversity. 

What Is the Code For Watching This Video From PwC Philly’s Oscars Event?

I am beginning to think PwC's Philadelphia office is purposely trying to end up on Going Concern. All this video is missing is a cameo by Luigi. Be patient, it takes a minute to warm up.

Comp/Bonus/Promotion Watch ’13: PwC Overachievers Should Prepare Acceptance Speeches

It's April, which means there are three short months left in PwC's fiscal year. This also means your practice leaders are warming you up for the annual meeting expectations process. Along with that come promotions, bonuses, and all the other things that make all your sleep deprivation and 10 extra pounds worth it.

The California Wage and Hour Lawsuit Against PwC Is Finally Going to Trial

It's been awhile since we've written anything on Campbell v. PricewaterhouseCoopers but this announcement from the plaintiffs' attorneys seemed worthy of sharing with you all: On March 1, 2013, the Ninth Circuit Court of Appeals entered an order denying defendant PricewaterhouseCoopers LLP's petition for an early appeal of the District Court's order denying class decertification.   […]

At Least PwC Doesn’t Have to Worry About Improving the Supervision of Its Auditors Anymore

Last week the PCAOB dropped Part II of PwC's 2008 and 2009 inspection reports. This was only the second time a Big 4 firm's Part II had been released since the audit profession was blessed with government regulation. It was like a fire rainbow or an unassisted triple play. Rare! Exciting-ish! We pored over the […]

PwC Has Rally Caps on After PCAOB’s Expanded Reports

Yesterday afternoon, right about the time I couldn't read another word about PwC's love of CAKE, this tip came through at approximately 7 pm ET: Tim Ryan just finished up an "emergency" call with all partners and managers about this. Call began at 5:30 EST.  Mr. Ryan, as we noted this morning, was quoted in Floyd […]

PwC Loves CAKE and Other Interesting Things from the Expanded PCAOB Inspection Reports

I don't know if anyone else has noticed this, but reading about audit procedures is incredibly dull. It's nearly as dull as actually performing some of these procedures which probably explains why the PCAOB was forced to release Part II for the 2008 and 2009 inspection reports. Luckily, reading about the failure of the most […]

PCAOB Not Satisfied with PwC’s Efforts to Get Better at Auditing

Deba Aubin at Reuters has a great scoop this morning, reporting that the PCAOB "will fault PwC for not promptly addressing quality control problems found during inspections of some of its 2007 and 2008 audits," according to an internal PwC memo dated today and signed by Bob Moritz. [cue]

PwC Poaches a KPMG Partner* and Issues a Press Release, Part IX

*By partner, in fact, it's technically a "national leader in Conflict Minerals Center of Excellence" which was a Director role. At least from what I can tell on Greg Szczesny's LinkedIn profile. Anyway, Mr. Szczesny (I'm going with suh-seez-NEE) will be a Managing Director in PwC's Risk Assurance practice focusing on…yes, conflict minerals services. And […]

Occupy PwC Dublin Wasn’t Even Trying

People aren't protesting like they used to. I mean, who has the energy anymore? Drum circles are EXHAUSTING. Then there's the pepper spray. Who needs that? Plus it's winter; Not exactly prime protest season in the northern hemisphere. Still, some guys in Dublin gave it a go today but it was a pretty sorry effort:  Up to […]

PwC and Deloitte Probably Don’t Care That They Lost So Many Audit Clients

One possible alternative title for Accounting Today's "scorecard for new SEC audit clients" would be "Jesus, PwC and Deloitte Lost a Lot of Audit Clients Last Year." I'll go out on a limb and say that it probably didn't even make the short list. AT went with "E&Y, KPMG Top 2012 for Audit Client Wins" which is […]

PwC’s Little Stunt with the Best Picture Envelope Could Have Gone Horribly, Horribly Wrong

When Jack Nicholson jaunted on stage last night to present the best picture Oscar, I think we all expected him to be shitfaced. And he did not disappoint. What we didn't expect was Jack to hand off to Michelle Obama who said some things about how we like movies, yada, yada yada while some military-looking […]

(UPDATE) This Farewell Email May Just Make You Rethink Your Life’s Purpose and Calorie Intake

As far as farewell emails go, this one is incredibly introspective and free from the frat boy shout-outs we usually get peppered between half lucid rants and digs at the ugly people in the office. No, this one is poetry. It starts with our author seeking meaning in his life by way of observing the […]

Is the PwC Oscar® Team Really Incorruptible?

PwC issued a press release today announcing their nearly eight-decade run tabulating the ballots for the Academy Awards. From now until the broadcast, we’ll be treated with more PwC mentions on Entertainment Tonight than anyone should bear. Personally, I’m of the opinion that the Golden Globes is a better gig due to all the drunken shenanigans, […]