PwC

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

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

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

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

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PwC’s 2017 to Forget Tour Rolls On

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

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Ukraine Yanks PwC’s Bank Audit License

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

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

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

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

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

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

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

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

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

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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 […]

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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, […]

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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 […]

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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 editor@goingconcern.com.

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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 […]

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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. […]

Florida Man Drives Porsche on Sidewalk to Make a Point, Gets Arrested

We love a good Florida Man story around here. And today, that man just happens to work at PwC. Exciting! David Clarke became a principal at the firm when PwC acquired his digital consultancy BGT in 2013. So, obviously, he didn't come up in the firm because if there's one thing these firms drill into you, […]

How Neil Patrick Harris Met Your Accounting Firm

If you guessed, "A kid doctor needed help with his taxes," you would be wrong. No turning back: Dropped off my official #Oscars predictions to the two people in charge of the ballots at @pwc_llp. pic.twitter.com/WXawVsDcbu — Neil Patrick Harris (@ActuallyNPH) February 19, 2015

PwC Settling California Wage & Hour Lawsuit for $5 Million

We’ve been following Campbell v. PricewaterhouseCoopers for a long time so it’s kinda sad to see it come to a whimpering end.

PwC’s Clever Tax Advice for Caterpillar a Little Too Clever

Caterpillar, maker of enormous sandbox toys, has received some unfun news. After poking around some old tax returns, the IRS has proposed that the company pay tax increases and penalties of $1 billion. They plan to "vigorously contest" the findings in the appeals process.  This all began with some international transactions, designed by PwC, that got […]

#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, […]