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 […]
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.
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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. […]
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, […]
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
We’ve been following Campbell v. PricewaterhouseCoopers for a long time so it’s kinda sad to see it come to a whimpering end.
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 […]
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
At least she did not miss out on the iconic 1992 film Encino Man.
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 […]
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 […]
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 […]
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 […]
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.
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 […]
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]
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 […]
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 […]
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 […]
Back in BoMo’s day, you didn’t ask questions.
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
Note this happened over the pond. Things might be different over here, but probably not.
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 […]
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 […]
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 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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
“What the heck. We’ll all be retired when this audit comes up on audit.”
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 […]
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 […]
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!
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 […]
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 […]
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) — […]
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 […]
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 […]
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 […]
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 […]
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.
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 […]
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? […]
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 […]
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. […]
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 […]
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 […]
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 […]
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, […]
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 […]
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 […]
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 […]
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 […]
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 […]
~ 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 […]
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, […]
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 […]
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 […]
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 […]
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 […]
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 […]
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.
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 […]
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 […]
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 […]
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: 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. […]
~ 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 […]
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 […]
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 […]
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.