HOME
The Info List - PWC



--- Advertisement ---


(i) (i) (i) (i) (i)

PRICEWATERHOUSECOOPERS (doing business as PWC) is a multinational professional services network headquartered in London, United Kingdom. It is the second largest professional services firm in the world, and is one of the Big Four auditors , along with Deloitte
Deloitte
, EY and KPMG
KPMG
. Vault Accounting 50 has ranked PwC as the most prestigious accounting firm in the world for seven consecutive years, as well as the top firm to work for in North America for three consecutive years.

PwC is a network of firms in 157 countries, 743 locations, with 223,468 people. As of 2015, 22% of the workforce worked in Asia, 26% in North America and Caribbean and 32% in Western Europe. The company's global revenues were $37.7 billion in FY 2017, of which $16 billion was generated by its Assurance practice, $9.46 billion by its Tax practice and $12.25 billion by its Advisory practice. PwC provides services to 422 out of 500 Fortune 500 companies.

The firm was formed in 1998 by a merger between Coopers "> , PwC is the 5th-largest privately owned company in the United States.

CONTENTS

* 1 History

* 1.1 Coopers & Lybrand * 1.2 Price Waterhouse * 1.3 1998 to present

* 2 Operations

* 2.1 Service lines * 2.2 Data
Data
analysis * 2.3 Offices

* 3 Legal structure * 4 Name * 5 Logo

* 6 Academy of Motion Picture Arts and Sciences

* 6.1 Best Picture announcement error

* 7 Sponsorship

* 7.1 Sports * 7.2 Awards * 7.3 Startups * 7.4 Others

* 8 Corporate affairs and culture

* 8.1 General corporate culture * 8.2 Charitable foundation * 8.3 Sustainable Development Goals: The World Business Council for Sustainable Development * 8.4 Supporting education * 8.5 Workers\' rights * 8.6 Flexible working hours policy * 8.7 Global "Code of Conduct" * 8.8 Strategy &

* 9 Partnerships

* 9.1 ID2020 * 9.2 HeForShe * 9.3 Google
Google
* 9.4 Coursera
Coursera
* 9.5 HPE * 9.6 DXC Technology * 9.7 Oracle * 9.8 SAP-ERP * 9.9 Salesforce-NSI * 9.10 Microsoft
Microsoft
* 9.11 United Nations
United Nations

* 10 Staff * 11 Alumni * 12 Awards

* 13 Controversies

* 13.1 Gender employment discrimination * 13.2 Tax issues * 13.3 American International Group Inc. * 13.4 ChuoAoyama Suspension * 13.5 Tyco settlement * 13.6 Satyam case * 13.7 Yukos prosecutions * 13.8 Global Trust Bank Ltd and DSQ Software * 13.9 Transneft Russia case * 13.10 Northern Rock * 13.11 JP Morgan Securities audit * 13.12 Water privatisation in Delhi
Delhi
* 13.13 Cattles * 13.14 PCAOB report on audit inspections * 13.15 Quinn Insurance * 13.16 Connaught plc * 13.17 Tesco
Tesco
* 13.18 Bank of Tokyo-Mitsubishi UFJ * 13.19 Luxembourg Leaks * 13.20 Petrobras
Petrobras
Brazil * 13.21 Australia * 13.22 BHS * 13.23 MF Global malpractice lawsuit * 13.24 BT Italy * 13.25 Lezo Case * 13.26 PrivatBank

* 14 Recognition * 15 See also * 16 References * 17 Further reading * 18 External links

HISTORY

The firm was created in 1998 when Coopers & Lybrand merged with Price Waterhouse.

COOPERS Lybrand, Ross Bros & Montgomery and a Canadian firm McDonald, Currie and Co, agreed to adopt the name Coopers & Lybrand in international practice. In 1973 the three member firms in the UK, US and Canada changed their names to Coopers & Lybrand. Then in 1980 Coopers & Lybrand expanded its expertise in insolvency substantially by acquiring Cork Gully , a leading firm in that field in the UK. In 1990 in certain countries including the UK, Coopers & Lybrand merged with Deloitte
Deloitte
Haskins & Sells to become Coopers & Lybrand Deloitte: in 1992 they reverted to Coopers "> Edwin Waterhouse photographed as a young man

Samuel Lowell Price
Samuel Lowell Price
, an accountant, founded an accountancy practice in London
London
in 1849. In 1865 Price went into partnership with William Hopkins Holyland and Edwin Waterhouse . Holyland left shortly afterwards to work alone in accountancy and the firm was known from 1874 as Price, Waterhouse & Co. (The comma was dropped from the name much later.) The original partnership agreement, signed by Price, Holyland and Waterhouse could be found in Southwark Towers , one of PwC's important legacy offices (now demolished).

By the late 19th century, Price Waterhouse had gained significant recognition as an accounting firm. As a result of growing trade between the United Kingdom
United Kingdom
and the United States, Price Waterhouse opened an office in New York in 1890, and the American firm itself soon expanded rapidly. The original British firm opened an office in Liverpool
Liverpool
in 1904 and then elsewhere in the United Kingdom
United Kingdom
and worldwide, each time establishing a separate partnership in each country: the worldwide practice of PW was therefore a federation of collaborating firms that had grown organically rather than being the result of an international merger.

In a further effort to take advantage of economies of scale , PW and Arthur Andersen
Arthur Andersen
discussed a merger in 1989 but the negotiations failed mainly because of conflicts of interest such as Andersen's strong commercial links with IBM
IBM
and PW's audit of IBM
IBM
as well as the radically different cultures of the two firms. It was said by those involved with the failed merger that at the end of the discussion, the partners at the table realized they had different views of business, and the potential merger was scrapped.

1998 TO PRESENT

In 1998, Price Waterhouse merged with Coopers & Lybrand to form PricewaterhouseCoopers
PricewaterhouseCoopers
(written with a lowercase "w").

After the merger the firm had a large professional consulting branch, as did other major accountancy firms, generating much of its fees. Management Consulting Services (MCS) was the fastest growing and often most profitable area of the practice, though it was cyclical. The major cause for growth in the 1990s was the implementation of complex integrated ERP systems for multi-national companies. PwC came under increasing pressure to avoid conflicts of interests by not providing some consulting services, particularly financial systems design and implementation, to its audit clients. Since it audited a large proportion of the world's largest companies, this was beginning to limit its consulting market. These conflicts increased as additional services including outsourcing of IT and back office operations were developed. For these reasons, in 2000, Ernst & Young was the first of the Big Four to sell its consulting services, to Capgemini .

The fallout from the Enron , Worldcom and other financial auditing scandals led to the passage of the Sarbanes–Oxley Act (2002), severely limiting interaction between management consulting and auditing (assurance) services. PwC Consulting began to conduct business under its own name rather than as the MCS division of PricewaterhouseCoopers. PwC therefore planned to capitalize on MCS's rapid growth through its sale to Hewlett Packard (for a reported $17 billion) but negotiations broke down in 2000.

In 2000, PwC acquired Canada's largest SAP consulting partner Omnilogic Systems.

In March 2002 Arthur Andersen
Arthur Andersen
, LLP affiliates in Hong Kong and China completed talks to join PricewaterhouseCoopers, China.

PwC announced in May 2002 that its consulting activities would be spun off as an independent entity and hired an outside CEO to run the global firm. An outside consultancy , Wolff Olins
Wolff Olins
, was hired to create a brand image for the new entity, called "Monday". The firm's CEO, Greg Brenneman described the unusual name as "a real word, concise, recognizable, global and the right fit for a company that works hard to deliver results." These plans were soon revised, however. In October 2002, PwC sold the entire consultancy business to IBM
IBM
for approximately $3.5 billion in cash and stock. PwC's consultancy business was absorbed into IBM
IBM
Global Business Services , increasing the size and capabilities of IBM's growing consulting practice.

PwC began rebuilding its consulting practice with acquisitions such as Paragon Consulting Group and the commercial services business of BearingPoint
BearingPoint
in 2009. The firm continued this process by acquiring Diamond Management & Technology Consultants in November 2010 and PRTM in August 2011. In 2012 the firm acquired Logan Tod & Co, a digital analytics and optimisation consultancy, and Ant’s Eye View, a social media strategy development and consulting firm to build upon PwC's growing Management Consulting customer impact and customer engagement capabilities.

On October 30, 2013, the firm announced that it would acquire Booz & Company , including the company's name and its 300 partners, after a December vote by Booz & Company partners authorized the deal. On April 3, 2014, Booz & Company combined with PwC to form Strategy Actuarial and Insurance Management Solutions (AIMS) and a sub branch of "Human Resource Services" (HRS). Actuarial
Actuarial
covers mainly 5 areas: pensions , life insurance , non-life insurance , health, and investments. AIMS deals with life and non-life insurance and investments, while HRS deals mainly with pensions and group health. In the US PwC serves the US Federal Government through their Public Sector practice. PwC has over 2000 professionals based in the Washington Metro Corridor. * Tax (25%) – International tax planning and compliance with local tax laws, customs, human resource consulting, legal services and transfer pricing

DATA ANALYSIS

Due to its size PwC is able to contribute data analysis to a wide range of areas.

* Calculation of the drone market size: PwC published a report stating that the world drone market will reach close to $127 billion by 2020, with Poland at the forefront of legislation for the commercial use of unmanned aerial vehicles. * PwC coined the phrase E7 to describe the seven emerging economies with the company is predicting will take over today’s G7 nations by the year 2050. Those emerging nations include: China, Russia, India, Mexico, Indonesia, Turkey and Brazil. * PwC assesses the risk premiums of countries, an important factor in analyzing the valuation of a business. * The company analyzes pay parity, the comparative salaries for men versus women. In early 2017 PwC found in one study that it could take 24 years to close the gender pay gap. * PwC publishes the Low Carbon Economy Index which tracks the extent to which the G20 countries are reducing carbon intensity, which is emissions linked to energy usage. * The Economy of the Sea is a long-term analysis project of PwC Portugal. Launched ten years ago, Economy of the Sea is part of the HELM project to create an integrated approach to the successful and sustainable “blue economy.” * PwC developed the Total Impact Measurement and Management (TIMM) framework designed to assist companies in carrying out impact studies which will help them put a value on all a company’s activities, products or services. Mervyn King, Chairman of the International Integrated Reporting Council described it as “a huge step forward in assisting companies in thinking on an integrated basis and enabling them to do business in the 21st century. It also helps to change mindsets to take a holistic perspective and move towards Integrated Reporting.”

OFFICES

PwC has partners in approximately 800 offices across 157 countries with 200,000 employees.

Notable offices: Seaport office tower in Boston
Boston
; and Magwa Crescent Waterfall City tower in Midrand , South Africa
South Africa
.

NOTABLE PWC OFFICE BUILDINGS

Cairo
Cairo
, Egypt

Tower 185
Tower 185
, Frankfurt, Germany

Figueroa at Wilshire , Los Angeles
Los Angeles
, California, US

Lima
Lima
, Peru
Peru

Freshwater Place
Freshwater Place
, Melbourne
Melbourne
, Australia

Oslo
Oslo
, Norway

Kingdom Center
Kingdom Center
, Riyadh
Riyadh
, Saudi Arabia

Kasumigaseki Building
Kasumigaseki Building
, Tokyo, Japan

Warsaw
Warsaw
, Poland

Torre PwC , Madrid, Spain

Accra
Accra
, Ghana

Auckland
Auckland
, New Zealand

Leeds
Leeds
, United Kingdom
United Kingdom

The following list of revenue according to region is from the PwC Global Annual Review: 2016.

REGION REVENUE (2016)

Asia $4.391 billion

Australia, Pacific Islands and New Zealand $1.452 billion

Central and Eastern Europe $678 million

Western Europe $12.339 billion

Middle East and Africa $1.294 billion

North America and the Caribbean $14.916 billion

South and Central America $826 million

LEGAL STRUCTURE

PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity due to local legislative requirements. Much like other professional services firms , each member firm is financially and legally independent. PwC is co-ordinated by a private company limited by guarantee under English law , called PricewaterhouseCoopers
PricewaterhouseCoopers
International Limited. In addition, PwC is registered as a multidisciplinary entity which also provides legal services.

NAME

The PricewaterhouseCoopers
PricewaterhouseCoopers
name was formed by the combination of the names of Price Waterhouse and Coopers ">

The Coopers ">

The Price Waterhouse logo prior to the 1998 merger *

The PricewaterhouseCoopers
PricewaterhouseCoopers
logo from 1998 to 2010 *

The PwC logo from 2010 to present

ACADEMY OF MOTION PICTURE ARTS AND SCIENCES

The Academy of Motion Picture Arts and Sciences (AMPAS) has utilized the services of PwC to tally the votes for the Academy Awards since 1935. In addition, the company oversees AMPAS elections, prepares its financial documents, and is responsible for the group’s tax filings.

BEST PICTURE ANNOUNCEMENT ERROR

See also: 89th Academy Awards
89th Academy Awards
§ Best Picture announcement error

At the 89th Academy Awards
89th Academy Awards
in 2017 La La Land was incorrectly announced as the winner of Best Picture after PwC partner, Brian Cullinan gave presenters Warren Beatty
Warren Beatty
and Faye Dunaway
Faye Dunaway
the wrong envelope. PwC was responsible for tabulating the results, preparing the envelopes, and handing them to presenters. It was called "as bad a mess-up as you could imagine." The firm took "full responsibility" for handing the presenters the wrong envelope and apologized for the error, acknowledging that Cullinan and PwC partner Martha Ruiz did not follow protocols for correcting the error quickly. In March 2017, the board of governors for the Academy voted to retain the services of accounting firm PricewaterhouseCoopers, despite the mix up, saying “new protocols have been established including greater oversight from PwC's U.S. chairman Tim Ryan.”

SPONSORSHIP

SPORTS

PwC sponsors the Canadian Football League ’s Weekly Insights online magazine.

Since 2011 PwC has been sponsoring the Royal Belgian Football Association and the national team, the Red Devils .

The firm sponsored nine Canadian athletes in 2011: cyclist Ryder Hesjedal ; Olympic gold medalist speed skaters Charles and François Hamelin ; wrestler Carol Huynh
Carol Huynh
; para-alpine skier Matt Hallatt; and four additional athletes.

PwC has sponsored the Dutch national soccer team, since 1992.

In May 2016 PwC agreed to renew their sponsorship of the Irish Rugby Football Union (IRFU) for four more years. The sponsorship includes PwC continuing to be the official sponsor of the Ireland U20, Ireland U19 and Ireland U18 teams.

PwC extended its sponsorship of the Players Championship of the Professional Golfer’s Association (PGA) through 2017. The company will be one of only two “Proud Partners” of the annual PGA Tour event which is held every year at TPC Sawgrass .

AWARDS

PwC sponsors Canada’s CFO of the year award.

PwC created “The Building Public Trust in Corporate Reporting Awards” (BPTA) in 2002 which now covers the FTSE 100, FTSE 250, private, public and charity sectors for a total of 18 awards.

STARTUPS

In 2010 Startupbootcamp Copenhagen announced that PwC Denmark signed a sponsorship agreement with them, making PwC its first signed sponsor.

In 2010 PwC began sponsoring the international non-profit organization “Slush” which organizes events that match entrepreneurs and technology talent with major corporations and investors.

PwC sponsors Fast Growth Icons, a conference which highlights insights from the builders of successful businesses; a group of attendees who are founders of companies with rapid revenue growth; and offering tips and hands-on learning in founder-to-founder sessions.

The PwC Social Entrepreneurs Club sponsors members through community partners including the School for Social Entrepreneurs and Social Enterprise UK.

OTHERS

In February 2011 PwC was the sponsor of the televised debate “The Future of Employment: The West Isn't Working,” filmed at the World Economic Forum ’s annual meeting. The company has been a strategic partner with the WEF since the 1980s.

PwC sponsors a Charitable Foundation, founded in 1949, whose mission it is to “make contributions to the people of the firm in times of financial hardship through the people who care fund, and to nonprofit organizations that support and promote education and humanitarianism.

In 2016 PwC was a sponsor of the APEC CEO Summit held in Peru
Peru
.

The company is a sponsor of the Mobile World Congress
Mobile World Congress
, and the World Economic Forum.

PwC sponsors PwC Pantomime, a theater group that produces a full scale show whose aim is to bring joy to children from inner-city schools and charities. In 2017 their production of Hansel and Gretel was its 31st pantomime production as part of its community Affairs Program that supports the local community.

The firm is partners with the Royal Concertgebouw Orchestra of the Netherlands
Netherlands
.

PwC sponsors the Buy Social Campaign, the flagship campaign of Social Enterprise UK, which builds markets for social enterprises in the public and private sectors. The Buy Social Corporate Challenge is co-sponsored by PwC, Social Enterprise UK, and the Cabinet Office to bring high-profile businesses together to commit to spending £1 billion with social enterprises by 2020.

The firm supports London’s Old Vic Theater .

Wellbeing of Women is a non-profit organization that works to improve the health of women and babies, supported by PwC.

PwC sponsors the yearly UK Private Business Awards.

CORPORATE AFFAIRS AND CULTURE

GENERAL CORPORATE CULTURE

Compared to the other three of the “Big Four,” PwC is said to have a “less competitive” atmosphere. According to one observer, the core to the business is how the firm values and promotes “difference by building an environment where everyone can be themselves.” The company employs large numbers of young workers, with 80 percent of their work-force millennials. PwC uses education to bridge the culture gap between generations. The firm also implements the “Connect-Embed-Improve plan to promote employee engagement. PwC relies on employees sharing of knowledge and learning. Senior staff facilitate learning. Teaching the next generation what they know is one of the keys that ensures that PwC can bring value to its clients.

PwC is committed to diversity in the workplace, holding an annual “Global Diversity Week.”

In order to promote inclusion, diversity, equality, respect and tolerance in a respectful work environment PwC the Netherlands launched GLEE: Gay Lesbian and Everybody Else network.

CHARITABLE FOUNDATION

The PwC Charitable Foundation, a separate entity from the firm, shares similar goals, according to Frank Gaudia, a trustee and member of the Board of Directors for the Foundation. The Foundation focuses on humanitarianism, education for children, and veterans.

SUSTAINABLE DEVELOPMENT GOALS: THE WORLD BUSINESS COUNCIL FOR SUSTAINABLE DEVELOPMENT

PwC published a report including data on SDG-sustainable development goals awareness and on who is perceived as the entity responsible for bringing SDGs to the marketplace.

SUPPORTING EDUCATION

In 2015 PwC gave a donation of $100,000 to the Florida International University College of Business and the School of Accounting.

WORKERS\' RIGHTS

In 2011 PwC was appointed to conduct independent monitoring of the Tourism Development and Investment Company, TDIC’s Employment Practices Policy, (EPP), which had already been introduced in 2009. Abu Dhabi’s TDIC was the first major developer in the Middle East to introduce such a policy, designed to protect the welfare of workers employed by contractors and sub-contractors.

FLEXIBLE WORKING HOURS POLICY

Employees at PwC can suggest their own working hours, but the firm does not have to comply.

GLOBAL "CODE OF CONDUCT"

In 2002 PwC published the accounting profession’s first global “Code of Conduct” to help its employees around the world maintain a corporate culture of ethics and integrity. In November 2016 the company updated their Code of Conduct.

STRATEGY&

Strategy & and PwC publish Strategy + Business, an online magazine discussing aspects of business strategy and related issues.

PARTNERSHIPS

ID2020

In May 2016, at the United Nations
United Nations
Headquarters in New York, PwC was one of the principal sponsors of the inaugural ID2020 Summit. The summit brought together over 400 people to discuss how to provide digital identity to all, a defined Sustainable Development Goal including to 1.5bn people living without any form of recognized identification. Experts in blockchain and other cryptographic technology joined with representatives of technical standards bodies to identify how technology and other private sector expertise could achieve the goal.

HEFORSHE

PwC is a founding partner with the UN Women HeForShe IMPACT 10x10x10 Initiative to advance gender equality . The initiative created an online course featuring Michael Kimmel , an SUNY Distinguished Professor of Sociology and Gender Studies at Stony Brook University which aims to increase awareness of unconscious gender bias in corporate life. Emma Watson , British actress and UN Women Goodwill Ambassador , is a high-profile supporter of the UN Women’s HeForShe campaign.

GOOGLE

In 2014 Google
Google
announced its partnership with PwC to drive cloud adoption among businesses. Partnering with Google
Google
is part of PwC’s decision to begin to move its own business to the cloud . PwC is one of three million business customers using paid services through G Suite , previously known as Apps for Work.

COURSERA

The company, in partnership with Coursera
Coursera
, launched an on-line five-course educational platform called “ Data
Data
Analysis and Presentation Skills.”

HPE

PwC began to include the Hewlett Packard Enterprise (HPE) DNS Malware Analytics (DMA) in its Security Assessment Services portfolio.

DXC TECHNOLOGY

IT provider DXC Technology (formerly CSC) with PwC to bring digital transformation solutions to businesses.

ORACLE

In January 2017 Oracle and PwC announced their international collaboration to offer IFRS 9 compliance solutions.

SAP-ERP

Karim Textiles Limited, a division of Purbani Group, signed a partnership agreement with PwC in February, 2017 to implement SAP-ERP.

SALESFORCE-NSI

In November 2016 PwC acquired technology/consulting firm NSI DMCC, Salesforce’s largest implementation partner in the Middle East.

MICROSOFT

In 2013 PwC and Microsoft
Microsoft
Corp. formed a strategic alliance to help companies engaged in enterprise transformation projects using Microsoft
Microsoft
Business Solutions technology. In 2016 PwC joined with Microsoft
Microsoft
in India to bring the services of both companies to the business community in India.

UNITED NATIONS

PwC partners with the United Nations
United Nations
to help keep the international organization’s monitoring systems up to date. The two organizations also teamed up to create a course about unconscious biases.

STAFF

From 2010 until 2016, the number of employees worldwide rose from a total of about 160,000 to over 223,000. The largest percentage of workers are employed in Europe. PwC emphasises the role CEOs play in the transformation of companies to meet the needs of the 21st century marketplace.

The following is a chart of the number of employees in each region of the world as of Q1 2017.

REGION NUMBER OF EMPLOYEES

Asia 47,090

Australia, Pacific Islands and New Zealand 7,339

Central and Eastern Europe 8,432

Middle East and Africa 12,861

North America and the Caribbean 53,656

South and Central America 12,861

Western Europe 65,870

ALUMNI

Notable firm alumni include:

* Phil Knight
Phil Knight
- Founder Nike, Inc.
Nike, Inc.
* Ed Bastian- CEO Delta Air Lines * Rich Kramer- Chairman, President and CEO of The Goodyear Tire and Rubber Company * Brad Tilden - CEO and Chairman of Alaska Airlines * Sir Ian Powell- Chairman of Capita , an outsourcing company. * Wendell Weeks - President Corning Inc.
Corning Inc.
* Mike Dooley - author, speaker and entrepreneur * Tony Harrington- CEO MinterEllison

AWARDS

PwC was ranked #175 on Forbes’ Canada’s Best Employers list, #5 on their America’s Largest Private Companies list, and #256 on their America’s Best Employers list.

Advertising Age named PwC Digital Services Experience Center one of the four best places to work in advertising and media in 2016.

International Accounting Bulletin awarded PwC the “ Audit
Audit
Innovation of the Year” award for 2016.

PwC Singapore won the Best Practice Award in 2016 from the Institute of Singapore Chartered Accountants.

The Australian Financial Review Client Choice Awards recognized PwC with the Market Leader Australia award for 2017.

PwC Australia has been recognized by clients as Market Leader at the Financial Review Client Choice Awards 2016.

In 2016, Brand Finance named PwC as the strongest business to business brand, and one of the world’s 10 most powerful brands in their annual index.

PwC ranked #3 in DiversityInc’s Top 12 Companies for Global Diversity.

For the second consecutive year PwC was named Global Corporate Ventures Consultancy Firm of the Year.

Strategy having been listed as a FTSE250 company, it subsequently lost its listing. PwC disputed this legal claim. The claim was settled out of court on undisclosed terms.

The Financial Reporting Council (FRC) issued a fine of £2.3m on PwC and ordered the firm to pay £750,000 costs following their investigation of the 2007 audits of Cattles and its principal trading subsidiary. PwC admitted their “conduct fell significantly short of the standards reasonably to be expected of a member firm” in respect of the 2007 financial statements. The FRC said that PwC had insufficient audit evidence as to the adequacy of loan loss provisions.

PCAOB REPORT ON AUDIT INSPECTIONS

The Public Company Accounting Oversight Board (PCAOB) report on audit work carried out by PwC in 2014 in respect of US public companies identified significant deficiencies in 17 of 58 audits examined. The PCAOB report on work carried out in 2015 identified significant deficiencies in 12 of 55 audits examined.

QUINN INSURANCE

PwC Ireland is being sued by the joint administrators of Quinn Insurance Limited (QIL) for €1bn. Having been audited by PwC for the years 2005 to 2008, QIL went into administration in 2010. The administrators allege that PwC should have identified a material understatement of QIL’s provisions for claims.

CONNAUGHT PLC

Connaught plc , a UK former FTSE 250 Index outsourcing company operating in property maintenance for the social housing and public sector, was put into administration on 2010 after reporting material losses. In 2017, the Financial Reporting Council (FRC) severely reprimanded PwC and its audit partner following an investigation of their conduct in respect of the 2009 audit of Connaught. PwC was fined a record £5 million plus costs.

TESCO

In 2014 Tesco
Tesco
, a UK retailer, announced that it had overstated profits by £263m by misreporting discounts with suppliers. The Financial Reporting Council started an investigation into accounting practices at Tesco
Tesco
and into the conduct of PwC in carrying out its audits in 2012, 2013 and 2014. Two members of Tesco's Audit Committee, responsible for monitoring Tesco's relationship wth its auditors, had themselves previously worked for PwC, including its chairman, Ken Hanna; he later stood down. In 2015 PwC were replaced as auditors of Tesco, ending a 32-year engagement, following a tender process to which they did not participate. In June 2017 the Financial Reporting Council said there was no "realistic prospect" that a tribunal of the UK's accountancy watchdog would rule against the auditor PwC concerning its involvement in Tesco
Tesco
's 2014 case.

BANK OF TOKYO-MITSUBISHI UFJ

In 2014, The Bank of Tokyo-Mitsubishi UFJ
The Bank of Tokyo-Mitsubishi UFJ
was investigated by New York banking regulators over its role in routing payments for Iranian customers through its New York branch in violation of U.S. sanctions. It was found that PwC had altered an investigation report on the issue; PwC itself was fined $25 million in relation to the matter.

LUXEMBOURG LEAKS

Main article: Luxembourg Leaks One of the tax rulings of Luxembourg Leaks negotiated by PwC

The firm helped multinational companies obtain 548 legal tax rulings in Luxembourg between 2002 and 2010. The rulings provide written assurance that companies’ tax-saving plans will be seen favorably by the Luxembourg authorities. The companies saved billions of dollars in taxes with these arrangements. Some firms paid less than one percent tax on the profits they shifted to Luxembourg. Employees or former employees of PwC provided documentation of the rulings to journalists. PwC UK’s head of tax was before the UK's public accounts committee and was questioned about lying regarding the marketing of these tax avoidance schemes. He told the committee the financing, investments and tax structure is legal and well-known to the British government. “If you want to change the Lux tax regime, the politicians could change the Lux tax regime.” The disclosures attracted international attention and comment about tax avoidance schemes in Luxembourg and other tax havens. The revelations later led to a series of EU-wide measures aimed at regulating tax avoidance schemes and tax probes into several EU companies. PwC initiated charges against the two whistleblowers that revealed the LuxLeaks tax controversy. In March 2017 a Luxembourg appeals court upheld their convictions, but with reduced sentences.

PETROBRAS BRAZIL

The Bill 1st in Prestige; and 1st in Overall Diversity. * Gartner recognized PwC with a Top Rating for Financial Consulting.

SEE ALSO

* Companies portal

* List of companies based in London
London
* Price Waterhouse v Kwan

REFERENCES

* ^ A B C D E F G "Chronology". PricewaterhouseCoopers. Archived from the original on 10 October 2010. Retrieved 27 September 2010. * ^ "How we are structured". PricewaterhouseCoopers. Retrieved 1 October 2016. * ^ "Our leadership team". PricewaterhouseCoopers. Retrieved 14 August 2016. * ^ A B C "PwC Global Annual Review 2017". pwc.com. Retrieved 5 October 2017. * ^ " Deloitte
Deloitte
overtakes PwC as world\'s biggest accountant". The Telegraph. Retrieved 24 November 2016. * ^ "Big 4 Accounting Firms - Who They Are, Facts and Information". accountingverse.com. Retrieved 2017-05-25. * ^ "List Ranks Accounting Firms on Prestige, Quality of Life and Diversity". Retrieved 2015-06-13. * ^ PricewaterhouseCoopers. " About
About
us". Retrieved 29 November 2016.

* ^ PricewaterhouseCoopers. "Revenues". PwC. Retrieved 2017-10-13. * ^ A B Sinclair, Lara (20 September 2010). "Logo puts case first and last". The Australian. Retrieved 27 September 2010. * ^ "America\'s Largest Private Companies". Forbes. 6 August 2016. Retrieved 6 August 2016. * ^ "ICAEW: Firms family trees". * ^ "Profile – Michael Jordan of Cork Gully". Management Today. 1 Jan 1993. Archived from the original on 3 August 2012. Retrieved 3 August 2012. * ^ "ICAEW family trees". Icaew.com. Archived from the original on 28 February 2010. * ^ A B C D E Accounting for Success: a History of Price Waterhouse in America 1890–1990. Harvard Business School Press. ISBN 978-0-87584-328-5 . * ^ "Price Waterhouse (Biographical details)". The British Museum. Retrieved 17 August 2013. * ^ "University of Washington: Accounting firms and organisations". Faculty.washington.edu. * ^ "Accounting Giants Call Off Merger Plan : Price Waterhouse, Arthur Andersen
Arthur Andersen
Cite \'Differences\'". Los Angeles
Los Angeles
Times. 26 September 1989. Retrieved 17 August 2013. * ^ Price Waterhouse and Coopers "> Weekly Corporate Growth Report 29 September 1997 * ^ Ernst & Young sells consulting unit to Cap Gemini Cnet News, 29 February 2000 * ^ Hewlett-Packard drops PWC bid BBC News, 13 November 2000 * ^ "Passion for business takes entrepreneur from software to cars to music". therecord.com. * ^ Andersen Affiliates in China to Join Rival Singapore News, 21 March 2002 * ^ "Monday name change for PwC". BBC. 10 June 2002. Retrieved 14 December 2014. * ^ Monday name change for PwC, BBC News, 10 June 2002. * ^ IBM
IBM
buying PricewaterhouseCoopers\' consulting business Technology, 31 July 2002 * ^ In close race for No 1, Deloitte, PwC grow apace Fox Business, 30 October 2013 * ^ PricewaterhouseCoopers
PricewaterhouseCoopers
to Buy Consulting Firm Diamond Management Wall Street Journal, 24 August 2010 * ^ PwC acquires global consulting firm PRTM International Accounting Bulletin, 23 August 2011 * ^ "PwC acquires digital analytics consultancy". Top Consultant. 15 March 2012. Retrieved 26 October 2014. * ^ PwC Buys Social Media Consulting Firm Accounting Today, 24 September 2012 * ^ " PricewaterhouseCoopers
PricewaterhouseCoopers
Advisory Services LLC (PwC Advisory Services)Company ProfileVault.com". Vault. Retrieved 2017-05-03. * ^ "PwC to bulk up with planned Booz & Company". ft.com. 2013-10-30. * ^ Nisen, Max. "Why PwC just changed the name of its 100-year-old consulting acquisition". Quartz. Retrieved 2017-05-03. * ^ WC strikes deal to buy BGT Partners South Florida Business Journal, November 4, 2013 * ^ "PwC report: Cryptocurrencies carry groundbreaking potential". 99bitcoins.com. Retrieved 2017-05-03. * ^ "InvestCloud". InvestCloud. 2008-11-12. Retrieved 2017-06-15. * ^ "PwC hiring GE tax team". Tax Pro Today. Retrieved 2017-05-03. * ^ "PwC Reports $35.9 bn in Global Revenues". Accounting Today. Retrieved 2017-05-04. * ^ "PwC Revenue 2016 - (What are the 2016 global results of PwC?)". big4accountingfirms.com. Retrieved 2017-05-04. * ^ "PwC Global Annual Review 2014" (PDF). PwC. Retrieved 8 October 2014. * ^ " Actuarial
Actuarial
& Insurance Management Solutions". PwC. Archived from the original on 2006-03-27. * ^ "Public Sector practice". Pwc.com. * ^ "World Drone Market Seen Nearing $127 Billion in 2020, PwC Says". Bloomberg.com. 2016-05-09. Retrieved 2017-05-08. * ^ "Here Comes the Latest Drone Army". Fortune. Retrieved 2017-05-08. * ^ "Indian economy projected to overtake US by 2040 in purchasing power parity terms: PwC report - Times of India". The Times of India. Retrieved 2017-05-08. * ^ PricewaterhouseCoopers. "Country risk premia quarterly update". PwC. Retrieved 2017-05-08. * ^ Fernandez, Pablo; Aguirreamalloa, Javier; Corres, Luis (May 2011). "Market Risk Premium Used in 56 Countries in 2011: A Survey with 6,014 Answers" (PDF). IESE Business School. Archived from the original (PDF) on 2011-11-01. Retrieved 8 May 2017. * ^ "Gender pay gap won\'t close until 2041 ICAEW Economia". economia.icaew.com. Retrieved 2017-05-08. * ^ Tomorrow, Blue & Green. "PwC Low Carbon Economy Index : Reaction & Response - Blue and Green Tomorrow". blueandgreentomorrow.com. Retrieved 2017-05-08. * ^ "Environment Analyst Business news and analysis". Environment Analyst. Retrieved 2017-05-08. * ^ "Global carbon intensity falls, on declining coal use". Climate Home - climate change news. 2016-11-01. Retrieved 2017-05-08. * ^ "China Leads Decarbonization Race As Global Carbon Intensity Falls 2.8%, Says PwC". CleanTechnica. Retrieved 2017-05-08. * ^ "Sustaining the blue economy ICAEW Economia". economia.icaew.com. Retrieved 2017-05-08. * ^ "Bioinsight". Bioinsight. Retrieved 2017-05-08. * ^ Balch, Oliver (2013-09-23). "Will new metrics system help companies measure overall impacts?". The Guardian. ISSN 0261-3077 . Retrieved 2017-05-08. * ^ "Groundbreaking study measures impact of TUI\'s tourism operations". www.tuigroup.com. Retrieved 2017-05-08. * ^ PricewaterhouseCoopers. "PwC member firm locations". PwC. Retrieved 2017-05-07. * ^ PricewaterhouseCoopers. "Office locations". PwC. Retrieved 2017-05-07. * ^ "New Seaport office tower fetches big price for developer - The Boston
Boston
Globe". BostonGlobe.com. Retrieved 2017-05-07. * ^ "PwC Tower Headquarters - Atterbury". www.atterbury.co.za. Retrieved 2017-05-07. * ^ PricewaterhouseCoopers. "How we\'re doing". PwC. Retrieved 2017-05-07. * ^ PricewaterhouseCoopers. "How we are structured". PwC. * ^ PricewaterhouseCoopers. "How we are structured". Retrieved 29 November 2016. * ^ "All Your Profits Are Belong To Us". Above the law. 5 November 2014. Retrieved 6 November 2014. * ^ Gyorkos, Ana (16 September 2010). "PricewaterhouseCoopers rebrands to \'pwc\'". International Accounting Bulletin. Retrieved 8 May 2017. * ^ UnderConsideration. "Brand New: PricewaterhouseCoopersWasALongName". www.underconsideration.com. Retrieved 2017-05-08. * ^ "PWC\'s Mighty Morphin\' Logo Adapts to Web, Print, and Beyond ". Co.Design. 2012-01-25. Retrieved 2017-05-08. * ^ McKenna, Francine. "PwC Ensures Oscar® Ballot Integrity In \'Partnership\' With Everyone Counts, Inc". Forbes. Retrieved 2017-05-09. * ^ Maddaus, Brent Lang, James Rainey, Gene (2017-03-02). "Oscars: PwC Has Deeper Relationship With Academy Than Just Awards Show". Variety. Retrieved 2017-05-09. * ^ "Oscars: How the Wrong Envelope Triggered a Best Picture Fiasco". The Hollywood Reporter. Retrieved 2017-05-09. * ^ Pylas, Pan (Feb 27, 2017). "PwC\'s hard-won reputation under threat after Oscars mix-up". The Chicago Tribune. Associated Press. Retrieved 27 February 2017. * ^ Rapoport, Michael (2017-02-27). "Oscar Overseer PricewaterhouseCoopers
PricewaterhouseCoopers
Apologizes for Award Mixup". Wall Street Journal. ISSN 0099-9660 . Retrieved 2017-05-09. * ^ CNN, Sandra Gonzalez and Megan Thomas. "PwC: \'We failed the Academy\' in best picture mess up". CNN. Retrieved 2017-05-09. * ^ "PWC Weekly Insights - CFL.ca". CFL.ca. Retrieved 2017-05-11. * ^ PricewaterhouseCoopers. "Sponsor of the Red Devils". PwC. Retrieved 2017-05-11. * ^ "PwC: Team PwC sponsorship program for Canadian athletes kicks off Big4.com". www.big4.com. Retrieved 2017-05-11. * ^ "PwC knvb". www.knvb.nl. Retrieved 2017-05-11. * ^ "PwC announces renewal of sponsorship deal with IRFU". The Irish Times. Retrieved 2017-05-15. * ^ "PwC extends as a \'Proud Partner\' of Players Championship". Retrieved 2017-05-15. * ^ "Canada\'s CFO of The Year – Canada\'s CFO of The Year Award". cfoy.ca. Retrieved 2017-05-11. * ^ PricewaterhouseCoopers. "The Building Public Trust Awards 2017". PwC. Retrieved 2017-05-11. * ^ " Startupbootcamp Copenhagen Announces Sponsorship Deal with PwC - Startupbootcamp". Startupbootcamp. 2012-12-05. Retrieved 2017-05-11.

* ^ "PwC forges closer relationships with young tech entrepreneurs at \'Slush\'". PwC press room. 2015-11-05. Retrieved 2017-05-11. * ^ DataFox. "Fast Growth Icons 2017 in London, 2017 Sponsors, Speakers, and Exhibitors by DataFox". DataFox. Retrieved 2017-05-11. * ^ PricewaterhouseCoopers. "PwC Social Entrepreneurs Club". PwC. Retrieved 2017-05-11. * ^ CNBC (2011-02-03). "PwC Caps Commercial Deals For CNBC\'s Coverage Of The World Economic Forum Annual Meeting". CNBC. Retrieved 2017-05-11. * ^ PricewaterhouseCoopers. "World Economic Forum". PwC. Retrieved 2017-05-11. * ^ "Pricewaterhousecoopers Charitable Foundation, Inc. - GuideStar Profile". www.guidestar.org. Retrieved 2017-05-11. * ^ "APEC CEO Summit 2016". APEC CEO SUMMIT PERU 2016 (in Spanish). Retrieved 2017-05-11. * ^ "National Center for APEC APEC CEO Summit". www.ncapec.org. Retrieved 2017-05-11. * ^ PricewaterhouseCoopers. "Join PwC at Mobile World Congress". PwC. Retrieved 2017-05-11. * ^ A B "Much needs to be done to propel India\'s global standing: WEF-PwC report". The Economic Times. Retrieved 2017-05-11. * ^ PricewaterhouseCoopers. "PwC Pantomime". PwC. Retrieved 2017-05-15. * ^ " PricewaterhouseCoopers
PricewaterhouseCoopers
LLP - Hansel and Gretel - Sadler\'s Wells Theatre". www.sadlerswells.com. Retrieved 2017-05-15. * ^ "Corporate Partners-RCO". www.concertgebouworkest.nl. Retrieved 2017-05-15. * ^ PricewaterhouseCoopers. "Buying Social". PwC. Retrieved 2017-05-15. * ^ "Under 25? Strapped for cash? Love the theatre? Join PwC under 25s Club". Arts & Business. 2014-03-25. Retrieved 2017-05-15. * ^ PricewaterhouseCoopers. "Wellbeing of Women". PwC. Retrieved 2017-05-15. * ^ "Private Business Awards (PBA)". www.ukpba-awards.co.uk. Retrieved 2017-05-15. * ^ "Subscribe to read". www.ft.com. Retrieved 2017-05-15. * ^ "Working for PWC, Deloitte, EY and KPMG. What\'s the difference?". eFinancialCareers. 2016-04-28. Retrieved 2017-05-04. * ^ "Sarah Churchman on Values and Culture at PwC – SuitAndPie". suitandpie.co.uk. Retrieved 2017-05-04. * ^ Wingard, Jason (2016-09-22). "Does Your Corporate Culture Support the Organizational Strategy You Need?". Huffington Post. Retrieved 2017-05-04. * ^ Weinreb, Ellen (2014-04-09). "PwC: 10 tips to bolster employee engagement". GreenBiz. Retrieved 2017-05-04. * ^ "Learning Is Doing at PwC". Chief Learning Officer - CLO Media. 2016-05-16. Retrieved 2017-05-04. * ^ "PwC shares 10 diversity and inclusion lessons". Retrieved 2017-05-04. * ^ "PWC". Workplace Pride. 2013-09-02. Retrieved 2017-05-04. * ^ Sutherland, Colonel David W. (2016-05-25). "The PwC Charitable Foundation Explains Its Best Practices for Collaboration in the Veterans\' Space". Huffington Post. Retrieved 2017-05-04. * ^ "WBCSD - World Business Council for Sustainable Development". old.wbcsd.org. Retrieved 2017-05-04. * ^ "Generous gift from PwC to accounting and business students". FIU News. Retrieved 2017-05-04. * ^ "TDIC releases fourth annual independent monitoring report on employment practices policy by Pricewaterhousecoopers". wam. Retrieved 2017-05-04. * ^ "PwC report shows progress by TDIC in worker treatment Zawya MENA Edition". Retrieved 2017-05-04. * ^ PricewaterhouseCoopers. "Helping to protect workers\' rights in the Middle East: Global Annual Review 2016". PwC. Retrieved 2017-05-04. * ^ Bolza, Miklos. "Trust, culture behind PWC\'s flexible working policy". HR Online. Retrieved 2017-05-04. * ^ " PricewaterhouseCoopers
PricewaterhouseCoopers
sets its people free by making all roles flexible". Financial Review. 2015-08-03. Retrieved 2017-05-04. * ^ Account, Admin (2002-11-20). "PwC Announces Its Global Code of Conduct". AccountingWEB. Retrieved 2017-05-04. * ^ "Living our Purpose and Values: PwC\'s Code of Conduct" (PDF). November 2016. Retrieved 4 May 2017. * ^ "strategy+business: international business strategy news articles and award-winning analysis". www.strategy-business.com. Retrieved 2017-05-04. * ^ "A culture of success: Using culture for world-class results in GCC companies". Retrieved 2017-05-04. * ^ Apolitical (2016-11-24). "How Sixty Million Refugees Can Prove Who They Are". Huffington Post. Retrieved 2017-05-30. * ^ "Fighting for a Secure Digital Identity for All -- Redmondmag.com". Redmondmag. Retrieved 2017-05-30. * ^ "ID2020 holds Inaugural Summit at the United Nations". ID2020. Retrieved 2017-05-30. * ^ " Emma Watson launches 10 by 10 by 10". UN Women. Retrieved 2017-05-30. * ^ "UN and PwC Launch Corporate Unconscious Gender Bias Training". Fortune. Retrieved 2017-05-30. * ^ United Nations
United Nations
(2014-09-22), Emma Watson at the HeForShe Campaign 2014 - Official UN Video, retrieved 2017-05-30 * ^ "PwC partners with Google
Google
to drive enterprise cloud adoption - TechRepublic". TechRepublic. Retrieved 2017-06-01. * ^ "PwC and Google
Google
bring transformation to work". gsuite.google.com. Retrieved 2017-06-01. * ^ Staff, 9to5 (2014-10-28). " Google
Google
announces PwC as latest Apps for Work and Google
Google
Cloud Platform partner". 9to5Google. Retrieved 2017-06-01. * ^ " Google
Google
Boosts Gmail Attachment Limit to 50 MB for Recipients - DST Contributed Content on Data
Data
Storage Today". www.data-storage-today.com. Retrieved 2017-06-01. * ^ " Coursera
Coursera
partners with PwC in employee re-skilling exercise". The Hindu. Retrieved 2017-06-06. * ^ " Hewlett Packard Enterprise Leads Transformation of Cyber Defense With "Build it In" and "Stop it Now" Approach". 1 March 2016. Retrieved 6 June 2017. * ^ " DXC Technology is formally launched". www.techtradeasia.info. Retrieved 2017-06-06. * ^ "Oracle and PwC to jointly offer IFRS 9 compliance solutions". Accounting Today. Retrieved 2017-06-06. * ^ "Karim Textiles ink deal with PwC". The Financial Express Online Version. Retrieved 2017-06-06. * ^ "PwC buys Dubai-based technology firm". www.tradearabia.com. Retrieved 2017-06-06. * ^ www.ETCIO.com. "PwC, Microsoft
Microsoft
join to empower India\'s digital transformation - ET CIO". ETCIO.com. Retrieved 2017-06-06. * ^ "business.un.org". business.un.org. Retrieved 2017-06-01. * ^ "PwC, UN team up to create unconscious biases course". HR Dive. Retrieved 2017-06-01. * ^ "PwC: employees by region 2010-2016 Statistic". Statista. Retrieved 2017-05-07. * ^ PwC, Bob Moritz, Chairman (2017-01-18). "Op-Ed: Four concerns that keep CEOs awake at night". CNBC. Retrieved 2017-05-07. * ^ "PwC Locations ⋆ The Big 4 Accounting Firms". big4accountingfirms.com. Retrieved 2017-05-07. * ^ "The Seattle Times: Business & Technology: Nike\'s Phil Knight resigns as CEO". old.seattletimes.com. Retrieved 2017-05-10. * ^ Rao, K S. "PwC\'s 20th CEO Survey: Edward Bastian of Delta Air Lines". www.bmindstoday.com. Retrieved 2017-05-07. * ^ "Richard J. Kramer Goodyear Corporate". corporate.goodyear.com. Retrieved 2017-05-07. * ^ Wilhelm, Steve (18 December 2015). "Brad Tilden: The \'aw shucks\' leader of Alaska Airlines". www.bizjournals.com. Retrieved 2017-05-07. * ^ "Former PwC boss knighted in New Year\'s honours". The Telegraph. Retrieved 2017-05-07. * ^ "Wendell P. Weeks, MBA 1987 - Alumni - Harvard Business School". Retrieved 2017-05-07. * ^ "Mike Dooley". Retrieved 2017-05-07. * ^ "Harrington AM, Tony - Meet MinterEllison". www.minterellison.com. Retrieved 2017-05-07. * ^ " PricewaterhouseCoopers
PricewaterhouseCoopers
on the Forbes America\'s Best Employers List". Forbes. Retrieved 2017-05-16. * ^ "Ad Age\'s Best Places to Work 2016". Retrieved 2017-05-16. * ^ "2016 The Accountant & International Accounting Bulletin awards winners - The Accountant". www.theaccountant-online.com. Retrieved 2017-05-16. * ^ "Innovation, Growth and Excellence Lauded at Singapore Accountancy Awards ISCA". www.isca.org.sg. Retrieved 2017-05-16. * ^ PricewaterhouseCoopers. "Awards 2017". PwC. Retrieved 2017-05-16. * ^ "Awards for Firms - Client Choice Awards". Client Choice Awards. Retrieved 2017-05-16. * ^ "PwC named strongest business to business brand - BizNis Africa". BizNis Africa. 2016-03-03. Retrieved 2017-05-30. * ^ Staff, DiversityInc. "The DiversityInc Top Companies for Global Diversity". DiversityInc. Retrieved 2017-06-08. * ^ "GCV Award: Consultancy of the Year - PricewaterhouseCoopers (PwC) · Articles · Global Corporate Venturing". www.globalcorporateventuring.com. Retrieved 2017-06-11. * ^ "TTCSP Global Go To Think Tank Index Reports Think Tanks and Civil Societies Program (TTCSP) University of Pennsylvania". repository.upenn.edu. Retrieved 2017-06-08. * ^ "The Times Top 100 Graduate Employers Milkround". www.milkround.com. Retrieved 2017-06-11. * ^ PricewaterhouseCoopers. "The Times Top 100 Graduate Employer". PwC. Retrieved 2017-06-11. * ^ Administradores.com (2012-10-02). "Confira a lista das empresas mais admiradas do Brasil, segundo ranking da Carta Capital". Administradores.com (in Portuguese). Retrieved 2017-06-08. * ^ "Fortune 100 Best". Fortune. 2017. Retrieved 1 June 2017. * ^ "PwC India wins Association of Management Consulting Firms Spotlight Awards 2016". India Info Online. 29 June 2016. Retrieved 1 June 2017. * ^ Goldstein, Leslie. "Gender Stereotyping and the Workplace: Price Waterhouse v. Hopkins
Price Waterhouse v. Hopkins
(1989)." 2006. The Constitutional and Legal Rights of Women, 3rd ed. Los Angeles: Roxbury, 2006. 167-75. Print. * ^ Levit, Nancy (1998). The Gender Line: Men, Women, and the Law. New York University Press. p. 212. Retrieved 27 December 2014. * ^ Lewin, Tamar (16 May 1990). "Partnership in Firm Awarded to Victim of Sex Bias". NYTimes. Retrieved 11 May 2017. * ^ "Father wins sex discrimination case after request to work part-time rejected". Telegraph.co.uk. Retrieved 2016-04-04. * ^ "Senate report claims Caterpillar avoided $2.4bn in US taxes". The Guardian. 31 March 2014. Retrieved 16 December 2014. * ^ "Big four audit firms behind global profit shifting". Sydney Morning Herald. 6 November 2014. Retrieved 16 December 2014. * ^ " Willie Nelson
Willie Nelson
Hopes for a Hit; So Does the I.R.S". New York Times. 2 September 1991. $32 million bill for delinquent taxes ... pay for the $45 million lawsuit Mr. Nelson filed last year against his former accountants at Price Waterhouse, who he contends put him into ill-advised tax shelters. The Government ruled against many of the tax shelters, and the I.R.S. later disallowed many of the tax benefits that Mr. Nelson claimed. * ^ " Tax Shelter of Rich and Famous Has Final Date in Court". The New York Times. 4 November 1995. * ^ A B Tough Questions For AIG\'s Auditors – Regulators are probing if PwC let the financial shenanigans slip through Businessweek, Joseph Weber, Mike McNamee, Marcia Vickers and Diane Brady, 11 APRIL 2005 * ^ "We just got a new insight into a crucial crisis-era dispute between Goldman Sachs and AIG". Business Insider. 11 March 2016. Retrieved 2 June 2016. * ^ " Audit
Audit
Quality and Auditor Reputation: Evidence from Japan" (PDF). * ^ "In May 2006, the Japanese Financial Services Agency (FSA) suspended ChuoAoyama for two months". SSRN 1557231  . Missing or empty url= (help ) * ^ CPAs in Kanebo fraud avoid prison, The Japan Times (registration required), 10 August 2006. * ^ Jim Frederick (15 May 2006). "Japan\'s Regulators Get Tough". Time. * ^ New Japanese Internal Controls Framework Fraud Magazine, November/December 2007 * ^ Kyodo News (2 August 2007). "Misuzu Audit
Audit
disbands after 39 years, scandals". The Japan Times. Retrieved 10 May 2017. * ^ "Pricewaterhouse to pay $225 mln in Tyco settlement". Reuters. 6 July 2007. * ^ Chen, George (8 January 2009). "Satyam scandal rattles confidence in accounting Big Four". In.reuters.com. * ^ A B ET Bureau 8 January 2009, 08.10 am IST (8 January 2009). "PwC\'s fate Hangs in Balance". Economictimes.indiatimes.com. CS1 maint: Multiple names: authors list (link ) * ^ "ICAI to seek explanation from Satyam\'s auditor PwC". Livemint.com. 7 January 2009. * ^ "Satyam auditor says examining chairman\'s statement". Reuters. 7 January 2009. * ^ "Satyam: Auditors\' body to pull up PwC ICAI to seek explanation from Satyam\'s auditor PwC". Rediff.com. * ^ "Satyam: A Rs 7,000cr Lie". The Times of India. 8 January 2009.

* ^ "PWC says Satyam audit opinions may be unreliable". Reuters. 14 January 2009. * ^ McKenna, Francine. "The Grand Illusion: PwC Settles Satyam U.S. Class Action Claims". Forbes. Retrieved 2017-05-09. * ^ Raghavendra Verma; Keith Nuthall (8 April 2009). "PwC partners charged over Satyam". Accountancy Age. Archived from the original on 22 July 2012. Retrieved 1 March 2010. * ^ Timmons, Heather (28 May 2009). "Two Auditors Held in India Fault System". New York Times. Retrieved 9 May 2017. * ^ Kumar, V Rishi (2015-04-09). "Disappointed with verdict, says PwC". The Hindu Business Line. Retrieved 2017-05-09. * ^ Zapata, Ron (18 July 2007). "Russian Officials Clear PwC Of Fraud In Yukos Audit". Law 360. Retrieved 11 May 2017. * ^ Elder, Miriam (10 July 2007). "Russian court hands victory to PricewaterhouseCoopers
PricewaterhouseCoopers
in tax evasion case". NYTimes. Retrieved 11 May 2017. * ^ New York Times issue of 6 November 2010, business columnist Joe Nocera * ^ Wilson, Tony (4 January 2011). "Rule of law crucial for safe investment". The Globe and Mail. Retrieved 11 May 2017. * ^ White, Gregory L (7 September 2010). "Oil Tycoon Says PWC Caved to Pressure". The Wall Street Journal. Retrieved 11 May 2017. * ^ "Khodorkovsky Case Discussed in Leaked Cable". The Moscow Times. 3 December 2010. Retrieved 28 December 2010. * ^ Wilson, Tony (4 January 2010). "Rule of law crucial for safe investment". The Globe and Mail. Toronto. Retrieved 4 January 2010. * ^ Business Standard (15 March 2008). "RBI lifts ban on PwC". Business-standard.com. * ^ Business Standard. "PwC has a chequered past with taxmen". Business-standard.com. * ^ Business Standard. "Regulator may blacklist Price Waterhouse". Business-standard.com. * ^ Mukherjee, Ritwik. "Third mess-up by PwC after GTB, DSQ Soft". Mydigitalfc.com. Archived from the original on 8 February 2009. * ^ Business Standard. "Investor group wants Sebi to supersede Satyam board". Business-standard.com. * ^ " Transneft Accused Of Stealing $4 Billion". The St. Petersburg Times. 19 November 2010. Retrieved 28 December 2010. * ^ Amos, Howard (18 November 2010). " Transneft Accused of $4Bln Theft". The Moscow Times. Retrieved 11 May 2017. * ^ Alex Hawkes (2011-03-30). "MPs tackle PwC over Northern Rock". The Guardian. Retrieved 2015-06-17. * ^ Alistair Osborne (2011-03-31). "Were Big Four auditors just guilty of failing to see wood for trees?". The Daily Telegraph. Retrieved 2015-06-17. * ^ Graeme Wearden (2011-12-04). " House of Lords
House of Lords
criticises UK auditors over role in financial crisis". The Guardian. Retrieved 2015-06-17. * ^ David Jetuah (2011-12-04). "PwC urged to return Northern Rock fees". Accountancy Age. Retrieved 2015-06-17. * ^ Anna White (5 January 2012). "PwC fined record £1.4m over JP Morgan audit". The Daily Telegraph. * ^ A B C D "RTI expose of how World Bank had arm-twisted Delhi
Delhi
Jal Board for water privatisation". Moneylife. * ^ A B C D E "Independent People\'s Tribunal on The World Bank in India: Program: Arvind Kejriwal". worldbanktribunal.org. * ^ A B C D E How World-Bank Dicatates Indian Policies on YouTube
YouTube
. BharatKiAwaaz. * ^ "RTI Spurs Debate on World Bank Involvement in Delhi
Delhi
Water Deal" (PDF). Commonwealth Human Rights Initiative. * ^ PwC failed as "competent auditor" Economia March 2013 * ^ Cattles’ failure was nothing to do with us, says angry PwC The Times, 17 July 2013 * ^ PwC settles Cattles lawsuit Economia October 2015 * ^ PwC fined £2.3m over auditing of subprime lender Cattles The Guardian 31 August 2016 * ^ "Report on 2014 Inspection of PricewaterhouseCoopers
PricewaterhouseCoopers
LLP" (PDF). PCAOB: Public Company Accounting Oversight Board. 30 June 2015. Retrieved 10 May 2017. * ^ "Report on 2015 Inspection of PricewaterhouseCoopers
PricewaterhouseCoopers
LLP" (PDF). Public Company Accounting Oversight Board: PCAOB. 10 August 2016. Retrieved 10 May 2017. * ^ "PwC claims €1bn Quinn Insurance action \'poised on cliff\'". Irish Times. 2015-05-07. Retrieved 2015-06-12. * ^ "More details sought in case against PWC over Quinn Insurance accounts". RTE News. 2015-05-19. Retrieved 2015-06-12. * ^ "PwC fined £5m over Connaught audit". BBC. 11 May 2017. Retrieved 13 May 2017. * ^ FRC launches Tesco
Tesco
investigation Economia December 2014 * ^ Tesco
Tesco
: an opportunity for audit Economia October 2014 * ^ Tesco
Tesco
Ends 32-Year PwC Relationship After Accounting Scandal Bloomberg.com May 2015 * ^ Martin, Kate (5 June 2017). "Accounting watchdog closes PwC/ Tesco
Tesco
probe". Financial Times. Retrieved 6 June 2017. * ^ "Bank of Tokyo Fined for \'Misleading\' New York Regulator on Iran". New York Times DealBook. 18 November 2014. Retrieved 10 April 2015. * ^ "Is Your Head Spinning? 5 Tips to Understand the \'Lux Leaks\' Files". International Consortium of Investigative Journalists. Retrieved 2017-05-10. * ^ ICIJ Explore the Documents: Luxembourg Leaks Database * ^ The Guardian, PriceWaterhouseCoopers chief Kevin Nicholson denies lying over tax deals * ^ Ariès, Quentin (15 March 2017). "LuxLeaks whistleblowers get lighter sentences". Politico. Retrieved 10 May 2017. * ^ " Bill Gates
Bill Gates
sues oil giant Petrobras
Petrobras
and PwC over corruption scandal". Telegraph.co.uk. Retrieved 2016-04-04. * ^ "Luke Sayers, corporate politician". Financial Review. 2016-09-08. Retrieved 2017-08-13. * ^ "PwC Australia Appoints New CEO Big4.com". www.big4.com. Retrieved 2017-08-13. * ^ "Same-sex marriage vote has $525m price tag, study finds". ABC News. 2016-03-14. Retrieved 2017-08-13. * ^ "PwC exec leaves Australian Christian Lobby board". Crikey. 2016-03-01. Retrieved 2017-08-13. * ^ "Centro, PwC take record $200m legal hit". Financial Review. 2012-05-09. Retrieved 2017-08-13. * ^ Battersby, Lucy (2012-11-20). "PwC auditor sidelined until 2015 for $2.1b Centro debt bungle". The Sydney Morning Herald. Retrieved 2017-08-13. * ^ PwC questioned over BHS ‘going concern’ audit Accountancy Age May 2016 * ^ "PwC must face $1 billion MF Global malpractice lawsuit: U.S. judge". Retrieved 6 August 2016. * ^ "Judge Says MF Global Lawsuit Against PwC Can Proceed". Retrieved 6 August 2016. * ^ "Largest lawsuit against an auditor goes to court for $5.5 billion". Retrieved 6 August 2016. * ^ "BT in urgent hunt for \'clean\' auditor after £530m Italy scandal". Sky News. 29 March 2017. Retrieved 30 May 2017. * ^ "BT looking for new auditor after 33 years with PwC". Economia. 12 May 2017. Retrieved 30 May 2017. * ^ "BT Italy scandal prompts auditing probe". BBC. 29 June 2017. Retrieved 14 July 2017. * ^ "El juez acredita que PwC se lucró de un contrato fantasma a cambio de financiar al PP de Madrid". ELMUNDO (in Spanish). Retrieved 2017-06-02. * ^ Olearchyk, Roman (20 July 2017). "Ukraine pulls PwC bank audit licence over $5.5bn hole at top lender". Financial Times. Retrieved 25 July 2017. * ^ "Ukraine\'s biggest lender PrivatBank nationalised". BBC News. 19 December 2016. Retrieved 25 July 2017. * ^ "PwC, Deloitte, KPMG
KPMG
and PA among top 25 UK companies to work for". www.consultancy.uk (in lblLang). Retrieved 2017-05-30. CS1 maint: Unrecognized language (link ) * ^ "Consulting Magazine - September 2016". Consultingmag-digital.com. 2016-09-07. Retrieved 2016-11-11. * ^ "Global 500 2017-The annual report on the world\'s most valuable brands" (PDF). February 2017. Retrieved 15 May 2017. * ^ "European Diversity Awards » THE EDA WINNERS 2015". europeandiversityawards.com. Retrieved 2017-05-15. * ^ "Four U.S. Organizations Honored With 2014 Baldrige National Quality Award". 12 November 2014. Retrieved 1 December 2014. * ^ "CR Index 2016: Company listing". Business in the Community. 2016-04-11. Retrieved 2017-05-16. * ^ "Best Accounting companies to work forVault.com". Vault. Retrieved 2017-05-16. * ^ "Gartner Gives Top Rating to PricewaterhouseCoopers
PricewaterhouseCoopers
for Financial Consulting Big4.com". www.big4.com. Retrieved 2017-05-16.

FURTHER READING

* True and Fair: A History of Price Waterhouse, Jones, E., 1995, Hamish Hamilton, ISBN 0-241-00172-2 * An Early History of Coopers ">Coordinates : 51°30′28.74″N 0°07′28.79″W / 51.5079833°N 0.1246639°W / 51.5079833; -0.1246639

* v * t * e

Big Four auditors

* Deloitte
Deloitte
* Ernst ;background:none transparent;border:none;-moz-box-shadow:none;-webkit-box-shadow:none;box-shadow:none;">v

* t * e

Consulting

FIRMS

MANAGEMENT

* A.T. Kearney
A.T. Kearney
* Accenture * Arthur D. Little
Arthur D. Little
* Bain & Company * BearingPoint
BearingPoint
* Booz Allen Hamilton * Boston
Boston
Consulting Group * Capgemini Consulting * Deloitte
Deloitte
(Monitor Deloitte
Deloitte
) * Ernst & Young (Parthenon) * Gallup * Huron Consulting Group * KPMG
KPMG
* L.E.K. Consulting
L.E.K. Consulting
* Marsh & McLennan Companies ( Oliver Wyman ) * McKinsey & Company * PA Consulting Group * PricewaterhouseCoopers (Strategyborder-left-width:2px;border-left-style:solid;padding:0px">

* Analysis Group * Aon * BDO Global * Capco * Deloitte
Deloitte
* Ernst border-left-width:2px;border-left-style:solid;padding:0px">

* Accenture * Altran * Atos
Atos
* Avanade * Business border-left-width:2px;border-left-style:solid;padding:0px">

* Aon ( Aon Hewitt ) * Buck Consultants * Hay Group * Marsh border-left-width:2px;border-left-style:solid;padding:0px">

* Accenture ( Kurt Salmon ) * Aon Hewitt ( Hewitt Associates ) * Arthur Andersen
Arthur Andersen
* DXC Technology ( Hewlett Packard Enterprise * CSC ) * Ernst & Young (Ernst & Ernst * Arthur Young & Co. * Ernst & Whinney) * PricewaterhouseCoopers
PricewaterhouseCoopers
(Price Waterhouse * Coopers border-left-width:2px;border-left-style:solid;width:100%;padding:0px">

FOUNDERS

* James L. Allen * Arthur E. Andersen * Bill Bain * Roland Berger * Edwin G. Booz * Marvin Bower
Marvin Bower
* William Welch Deloitte
Deloitte
* Alwin C. Ernst * Bruce Henderson * Piet Klijnveld
Piet Klijnveld
* Arthur Dehon Little * James Marwick
James Marwick
* James O. McKinsey
James O. McKinsey
* Michael Porter * Arthur Young )

MDS

* Dominic Barton
Dominic Barton
* Charles-Édouard Bouée * Orit Gadiesh
Orit Gadiesh
* Rich Lesser
Rich Lesser

AREAS

* Management consulting * Assurance services
Assurance services
* Audit
Audit
* Biotechnology consulting * Economic consulting * Financial adviser * Human resource consulting * Information technology consulting * Performance consulting * Public sector consulting * Risk and strategic consulting * Tax advisor

OTHERS

* Accounting networks and associations ( Big Four accounting firms ) * Big Three (management consultancies) * Business consultant * Business networking * Case interview * Certified management consultant * Consultant * Consulting firm * Enron scandal * Grade (consulting) * House of Lies * Professional services networks * Professional services * Strategy+Business * Victor Cheng

* LIST OF MANAGEMENT CONSULTING FIRMS * LIST OF IT CONSULTING FIRMS

Retrieved from "https://en.wikipedia.org/w/index.php?title=PricewaterhouseCoopers additional terms may apply. By using this site, you agree to the Terms of Use and Privacy Policy .® is a registered trademark of the Wikimedia Foundation, Inc. , a non-profit organization.

* Privacy policy * About
About
* Disclaimers * Contact * Developers * Cookie statement * Mobile view

* *

Links: ------ /wiki/Doing_business_as /wiki/Multinational_corporation /wiki/Professional_services /#cite_note-5 /wiki/Big_Four_auditors /wiki/Deloitte /wiki/Ernst_%26_Young

.